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Tag: PayPal

PNC Bank and Venmo fight highlights the debate about introducing open...

Pressure is mounting for PNC Bank after it locked out clients from using bill-splitting app Venmo, but the affair also highlights a the question of whether open banking should be introduced in the US.

Goldman Sachs lends $125m to Mercado Credito as Latin American FinTech...

E-commerce giant MercadoLibre's credit unit Mercado Credito has strengthened its financial muscles thanks to a $125m loan from investment bank Goldman Sachs.

PayPal has acquired shopping and rewards platform Honey Science Corporation in...

Payments giant PayPal has announced an agreement to acquire Honey Science Corporation, a fast-growing shopping and rewards platform, for approximately $4bn. Honey will be integrated...

Why Luge Capital’s founder decided to bet on Canadian FinTech startups

On the back of having raised a $85m fund, the founders of venture capital firm Luge Capital are ready to help Canadian FinTech startups thrive.

PayPal pulls the plug on PornHub performers’ payments

Thousands of performers on pornography website PornHub have reportedly been cut off from using PayPal’s services.

Facebook introduces new payment service Facebook Pay

Social media giant Facebook is strengthening its push into the FinTech space by announcing the launch of Facebook Pay, a new way to shop, donate and transfer cash across Facebook, Messenger, Instagram and WhatsApp.

Hey Alexa, tell me more about how Amazon Pay has joined...

Paymentus, the payments company, has announced a new partnership with Amazon Pay, which will see the giant join its growing payment network alongside PayPal.

Why are lawmakers worried about the Facebook-backed cryptocurrency Libra?

Mark Zuckerberg endured a serious grilling this week as lawmakers around the world continue to express their concerns about Libra. The Facebook CEO did not...

Venmo announces new credit card through Synchrony partnership

Hot on the heels of its announcement about a new transfer service, Venmo has unveiled its first-ever credit card.

Libra co-creator gets into Twitter-spat after Stripe, Mastercard and Visa abandon...

Things are not looking stellar for Libra as several backers have pulled out of the cryptocurrency project as the regulatory pressure against it is mounting.