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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...

GOOGLE hires PayPal exec to strengthen banking, payments drive

Google has hired PayPal exec Arnold Goldberg to help reset its ambitions for banking and payments. Google's most recent foray into the banking sector, Plex,...

PayPal to acquire Pinterest for US$45 billion

PayPal has reportedly advanced efforts to transform into a ubiquitous service offering multiple in-app functionalities, through a potential takeover of social media company Pinterest. Bloomberg reported...

PayPal steps into Australia’s buy now, pay later market

Payments giant Paypal will launch its buy now, pay later (BNPL) solution in Australia this June, Reuters have reported. The offering, dubbed Pay in...

Bitcoin price tops $13K following PayPal’s entrance into crypto

News of PayPal’s support for crypto assets has triggered a rally in the markets, with Bitcoin trading above $13,000 for the first time since...

PayPal to support cryptocurrencies across its consumer and merchant network

PayPal has been granted a first of its kind conditional Bitlicense by the New York State Department of Financial Services and will begin enabling...


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