Tag: PayPal
PayPal hires Walmart exec as chief technology officer in AI push
PayPal has hired one of Walmart's top tech executives, Srini Venkatesan, to head up the company's push into artificial intelligence as its new chief...
PayPal launches payment suite for SMEs
PayPal has launched a complete suite of payment processing tools for online small businesses in the UK, Canada and across more than 20 European...
PayPal invests in conversational AI firm Rasa
PayPal Ventures has co-led a $30 million Series C funding round for generative conversational AI platform Rasa.
StepStone Group co-led the round, with participation from...
PayPal to axe 2500 jobs
PayPal is set to axe around 2500 jobs - nine per cent of its workforce - as new CEO Alex Chriss bids to take...
PayPal gets new CEO
PayPal has named senior Intuit executive Alex Chriss president and CEO, replacing Dan Schulman.
Chriss, currently EVP and general manager of Intuit's small business and...
PayPal launches its own stablecoin
PayPal has launched a US dollar denominated stablecoin, designed for digital payments and Web3, and to be compatible with the most widely used exchanges,...
PayPal and Apple to accept each other’s payment products
PayPal and Apple have struck a deal to start accepting each other's payments products within their separate ecosystems.
The pair have agreed to let US...
PayPal will survive backlash from misinformation charge confusion – Analyst
Online payments giant PayPal is unlikely to suffer any significant impact from a customer backlash over a supposed charge for users spreading misinformation, acccording...
PayPal retracts unintended threat to fine users for ‘misinformation’
PayPal introduced a new policy geared towards fighting misinformation, in which it threatened to fine users $2,500 for spreading “misinformation”, but has since retracted...
PayPal reveals 4.5 million accounts were ‘illegitimate’, shares plummet
Discussing Q4 earnings with analysts, PayPal CFO John Rainey disclosed that 4.5 million accounts had been shut down after “bad actors” took advantage of...