Grab, the $16 billion-valued ride-hailing firm that acquired Uber’s Southeast Asia business last year, is in talks with Alibaba’s Ant Financial and PayPal as it considers spinning out of its financial services unit to double down on its non-transportation business, TechCrunch has learned. The seven-year-old company’s coming-of-age moment was a deal to buy Uber’s regional […]
View More Grab is talking to Ant Financial and PayPal about spinning out its financial services businessCategory: PayPal
Investment platform Ellevest raises $33M Melinda Gates’ Pivotal Ventures, Valerie Jarrett & PayPal
Ellevest, a digital investment platform specifically focused on helping women meet their financial goals, has raised an additional $33 million in a new round led by Rethink Impact and PSP Growth. The funding includes a handful of notable, new investors including Melinda Gates’s investment fund Pivotal Ventures; PayPal; Wynn Resorts co-founder Elaine Wynn; former Google […]
View More Investment platform Ellevest raises $33M Melinda Gates’ Pivotal Ventures, Valerie Jarrett & PayPalInstagram launches shopping checkout, charging sellers a fee
Instagram is opening a whole new revenue stream. Now the 130 million people who tap Instagram’s product tags on shopping posts will be able to buy those items without leaving the app thanks to stored payment info. “Checkout with Instagram” launches today in the US with more than 20 top brands including Adidas, Kylie Cosmetics, […]
View More Instagram launches shopping checkout, charging sellers a feePayPal now lets US users instantly transfer funds to bank accounts in seconds
PayPal, a longtime alternative to directly using payment cards, cash and bank transfers to make payments for goods online and in stores with 267 million individual customer accounts and 21 million merchant accounts, is today adding in a new feature to help it tap into a wider range of customers such as gig economy workers […]
View More PayPal now lets US users instantly transfer funds to bank accounts in secondsPayPal to invest $750M, and Dragoneer $100M into MercadoLibre, Argentina’s e-commerce powerhouse
It’s not only SoftBank that’s eyeing up the opportunity to tap into the quickly expanding market for e-commerce in Latin America. MercadoLibre, a marketplace and financial services powerhouse based out of Argentina and serving 18 countries across the region, has announced that PayPal is investing $750 million, and VC Dragoneer another $100 million, as part of […]
View More PayPal to invest $750M, and Dragoneer $100M into MercadoLibre, Argentina’s e-commerce powerhouseThe gaming clips service, Medal has bought Donate Bot for direct donations, and payments
The Los Angeles-based video gaming clipping service, Medal, has made its first acquisition as it rolls out new features to its user base. The company has acquired the Discord -based donations and payments service Donate Bot to enable direct payments and other types of transactions directly on its site. Now, the company is rolling out […]
View More The gaming clips service, Medal has bought Donate Bot for direct donations, and paymentsVenmo launches a ‘limited edition’ rainbow debit card for its payment app users
Hoping to entice more users to attach the Venmo MasterCard to their account, Venmo this morning announced it’s launching a “special edition” rainbow-colored version of its debit card that will only be available in limited quantities. Clearly, the idea here is to generate a sense of urgency around ordering the Venmo MasterCard as well as […]
View More Venmo launches a ‘limited edition’ rainbow debit card for its payment app usersPayPal shutters Malaysia office as part of customer service reorg
Payment giant PayPal has closed its office in Malaysia as part of a restructuring of its customer support teams. The office, located in capital city Kuala Lumpur, was home to a team of customer service agents that catered to PayPal users across Asian region and beyond. Now, its responsibility will be assumed by other offices, […]
View More PayPal shutters Malaysia office as part of customer service reorgPayPal revenues miss but growth is strong from new acquisitions
PayPal revenues missed, but strong growth from its recent iZettle and Hyperwallet acquisitions and booming business at Venmo point to a strong outlook for the payments giant. In all, PayPal saw revenues for the quarter of $4.23 billion against analysts’ estimates of $4.24 billion, according to data from Yahoo Finance. Earnings per share at the […]
View More PayPal revenues miss but growth is strong from new acquisitionsTradeshift says it’s seen a ‘huge drop’ in UK transactions amid Brexit uncertainty
The UK is experiencing a significant and drastic fall in the volume of business-to-business transactions, according to the CEO of one of the world’s largest B2B payments and supply chain logistics platforms. In an exclusive interview with TechCrunch at the World Economic Forum in Davos Switzerland, Tradeshift CEO and co-founder Christian Lanng said: “We see […]
View More Tradeshift says it’s seen a ‘huge drop’ in UK transactions amid Brexit uncertaintyApple Pay coming to Target, Taco Bell, and other major US retailers
See ya later, credit cards.
Apple announced Tuesday that its contactless payment system, Apple Pay, would soon be available to 74 of the “top 100 merchants” in coming weeks.
The latest merchants that will allow customers to tap to pay will include Target, Taco Bell, Jack in the Box, and others. Truly the best America has to offer.
Apple launched its payment platform in 2014, which allows iPhone users to make payments at brick and mortar stores by scanning their phones — no plastic credit cards required. It slowly but surely has added more popular merchants in its four years of existence. Read more…
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View More Apple Pay coming to Target, Taco Bell, and other major US retailersBlueRun Ventures closes on $130M, ups Cheryl Cheng to GP
PayPal, Kabbage and Waze investor BlueRun Ventures invests in early-stage mobile software and fintech startups.
View More BlueRun Ventures closes on $130M, ups Cheryl Cheng to GP