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News Roundup

This page contains an archive of the Global Newsletter summaries and the weekly fintech news roundups.

Every day the Fintech Nexus news team scours the globe for the most important stories of the day to include in our daily newsletter.

Then every Saturday we bring you our weekly news roundup of the top 10 fintech stories of the week with commentary from Peter Renton.

To join our newsletter community please subscribe here.

News Roundup Online Lending USA

·Jan. 30, 2017

PayPal Discusses Potential Amazon Partnership

PayPal's fourth quarter earnings release revealed a number of interesting developments for the company; the firm has been steadily growing its partnerships with e-commerce businesses which has helped increase the number of payment transactions per customer; in the fourth quarter PayPal reported 31.1 transactions per active customer which was an increase from 30.2 in the previous quarter and 27.5 in the comparable quarter; PayPal's CEO Dan Schulman has also discussed a new partnership with Amazon that would allow Amazon customers to pay for purchases with PayPal which would further support increases in its customer account activity. Source

PayPal Earnings Report

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Fintech News Roundup USA

·May. 7, 2020

PayPal Growth is Booming During the Crisis

PayPal reported earnings and the company is seeing huge user growth with...

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Fintech News Roundup USA

·Feb. 5, 2018

PayPal Has Another Solid Quarter of Growth

PayPal saw payment volumes grow by 29 percent and they added 8.7 million new accounts in Q4 2017; the recent announcement that eBay was replacing PayPal with Adyen for processing overshadowed what was another strong quarter by the company; while the Adyen news was not positive for PayPal it could be seen as that in the long term as the company has been diversifying more in recent years; PayPal has seen growth through more partnerships with card networks and banks globally. Source.

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Fintech News Roundup USA

·Apr. 4, 2017

PayPal in Court Case Involving Venmo

Shareholders of PayPal have sued firm directors implying that management falsified statements in quarterly reporting related to Venmo; as a subsidiary of PayPal, Venmo's business activities influence the overall results of the firm; in 2016 Venmo was investigated for unfair and deceptive practices resulting in a fine and ongoing investigations with the FTC; shareholders are arguing that PayPal did not properly disclose and inform shareholders of the implications of the investigations which led to shareholder losses of approximately 15%. Source

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Fintech News Roundup USA

·Apr. 2, 2019

PayPal Invests in Blockchain Company

The news marks PayPal’s first investment in a company focused on leveraging...

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Europe Fintech News Roundup

·Dec. 21, 2017

PayPal Invests in Raisin

Raisin offers a platform to offer savings account options across Europe; they currently have over 100,000 customers; the funds will be used to accelerate growth across Europe. Source

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Europe Fintech News Roundup

·May. 18, 2018

PayPal is Buying European Fintech Leader iZettle for $2.2 Billion

PayPal is looking to raise the stakes against competitors like Square and...

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News Roundup Online Lending USA

·Jan. 27, 2017

PayPal Is Shifting from a Balance Sheet to a Hybrid Model

Asia/Pac Fintech News Roundup

·Mar. 10, 2017

PayPal Joins in $48mn Fundraising Round for Korean Payment App Toss

Viva Republica is the operator of Toss; firm has announced a $48 million funding round for the payment app from PayPal, Goodwater Capital, Bessemer Venture Partners, Altos Ventures and Partech Ventures; Toss has reported significant market share in Korea with over six million app downloads and payment transactions of over $3 billion; Viva Republica has also partnered with 18 of Korea's 19 major banks and now provides payment services to 98% of Korea's banking customers; for PayPal the investment builds out its payment services portfolio which includes mobile payment processor Venmo. Source

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Fintech News Roundup USA

·Nov. 14, 2017

PayPal Launches Money Pools Fundraising

PayPal has launched a new service, Money Pools, to allow users to create fundraising pages where their network can contribute; the pages are similar to other crowdfunding sites but with a greater emphasis on social media; the thought is this can become another revenue generating product for PayPal, though they currently are not charging for the use of Money Pools. Source.

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