PayPal Receives License From Russia for Payment Business
SAN FRANCISCO | PayPal is making moves. The online payment processing service has been eyeing Russia for years and finally regulators have given PayPal the green light. The licensing provision gives PayPal the right to operate as a non-credit banking institution in Russia, furthering eBay and PayPal’s move to the fast-growing market. In a blog [...]
PayPal appoints Lawrence Chan as vice president of Asia Pacific New Ventures and General Manager of Southeast Asia & India
SAN FRANCISCO | PayPal announced the appointment of Lawrence Chan as PayPal’s vice president covering its Asia Pacific New Ventures organization as well as general manager for PayPal’s Southeast Asia and India business, effective immediately. Based in Singapore, Mr. Chan will lead the regional business strategy, sales, partnerships and merchant adoption of PayPal’s newest [...]
PayPal Really Does Want to Be Your Pal
When David Marcus first addressed EBay’s PayPal unit in April, he showed his 11,000 employees a photo of actor Will Smith holding the memory-erasing Neuralyzer from the film Men in Black. Source: Businessweek.com “What I generally tell people is they need to forget everything they know,” says Marcus, who became PayPal’s president after the [...]
PayPal Acquires Mobile Payments Startup Card.io
SAN FRANCISCO | PayPal just announced that it has acquired card.io, a company that allows developers to capture credit card information by using a smartphone’s built-in camera. The financial details of the acquisition were not disclosed. As reported earlier this year, PayPal’s PayPal Here feature is already being powered by card.io’s service, so the two [...]
From $1.5B to half a trillion dollars: PayPal celebrates a 10th anniversary
SAN JOSE, CA | Ten years ago today, eBay announced an acquisition that might rank as one of the most successful Silicon Valley purchases ever. In fact, it sits third on Ranker’s list of smartest tech acquisitions. We are talking, of course, about PayPal, the “subsidiary” that now accounts for well over a third of [...]
PayPal partners Malaysia Airlines for mobile payments
SUBANG | Malaysia Airlines has teamed up with PayPal to become the first airline in Southeast Asia providing faster and safer mobile payments in as little as two clicks on any Internet-connected mobile device. The national carrier’s MHmobile app and flymas.mobi mobile site now accept PayPal for all its domestic flights and from Malaysia to its [...]
PayPal.com Gets a Makeover
SAN FRANCISCO | PayPal has accounced that after months of hard work by its marketing, design and web development teams their website, PayPal.com, has been completely redesigned. Starting today, it’s rolling out to customers in the U.S. Everyone in the U.S. should see it within a couple of weeks and the new site will be [...]
Online payments platform WePay, CEO Bill Clerico
Described by some as an ‘anti-PayPal’, WePay is another service attempting to tackle online payments. The firm focuses on small businesses and non-profit organisations, enabling them to process transactions online, manage invoices and set-up online storefronts, boasting that registration takes less than a minute. CEO Bill Clerico tells StrategyEye that there is room for multiple [...]
Mobile Commerce Depends on PayPal, ShopVisible Research Reveals
CHICAGO | In a Study Released Today at IRCE by ShopVisible of 23,000 Transactions, 67% of Mobile Buyers Used PayPal – Implying Alternative Payment Options Open the Door to the $31B Mobile Commerce Marketplace. Over the past 60 days, ShopVisible, selected by the SIIA CODiE Awards as Best Ecommerce Solution 2012, conducted research spanning 23,000 web [...]
ShopVisible: PayPal favored by mobile shoppers, not online
Just because your website customers aren’t using alternative payment methods, such as PayPal, doesn’t mean your mobile customers won’t want the option. According to ShopVisible, mobile is a different animal and alternative payment methods are what over-two thirds of mobile shoppers are choosing to use. Alternative payment options play an important role in facilitating mobile [...]
