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News on Medial
Payments giant PayPal obtains crypto marketing green light in Britain
Economic Times
·
1y ago
Medial
PayPal has obtained registration from the Financial Conduct Authority (FCA) in the UK to offer cryptoassets activities, according to the FCA website. The registration process requires companies to demonstrate safeguards against money laundering and terrorism financing. The FCA has also implemented stricter regulations on marketing cryptoassets, impacting competitors like Binance. In August, PayPal announced a temporary pause on UK customers' ability to buy cryptoassets, with plans to resume in early 2024. PayPal has not yet commented on the FCA registration.
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PayPal gets RBI nod for facilitating outbound cross-border payments
YourStory
·
1m ago
Medial
PayPal Payments Private Limited, an Indian subsidiary of PayPal Holdings Inc., has received in-principle approval from the Reserve Bank of India to operate as a Payment Aggregator for Cross Border Exports. This regulatory nod enables PayPal to facilitate outbound payments for Indian merchants in global trade under a regulated framework. While PayPal focuses on outbound cross-border payments in India, the competitive landscape is intensifying with similar approvals for other firms like Cashfree Payments and Amazon Pay.
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MetaMask Expands Crypto-to-Fiat Conversion Users Can Now Withdraw Funds to Bank Accounts and PayPal
Business Bytes
·
1y ago
Medial
MetaMask Expands Crypto-to-Fiat Conversion Users Can Now Withdraw Funds to Bank Accounts and PayPal MetaMask, a leading cryptocurrency wallet and gateway to the decentralized world, has unveiled a groundbreaking feature that enables users to seamlessly convert their digital assets into fiat currency. This new capability allows users in the United States, United Kingdom, and select European regions to withdraw their crypto holdings directly to their bank accounts or PayPal, marking a significant milestone in the convergence of the crypto and traditional finance worlds.
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PayPal introduces U.S. dollar stablecoin to revolutionize Web3 payments
Startup News FYI
·
1y ago
Medial
PayPal, a global leader in digital payments, has unveiled a groundbreaking move by launching its U.S. dollar-denominated stablecoin, PayPal USD (PYUSD). This strategic step is aimed at leveraging the potential of fully-backed, regulated stablecoins to transform payments within web3 and digitally native environments.
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Regulation, deals and crypto: Fintech themes to watch in 2025
Economic Times
·
6m ago
Medial
In 2025, the fintech industry is expected to recover from a challenging period marked by regulatory scrutiny and funding issues. With potential regulatory relaxations under the new administration, fintech startups anticipate renewed growth, investment, and public offerings. Crypto payments, particularly stablecoins, are likely to gain mainstream traction, spurred by favorable governmental attitudes and international expansion efforts by companies like Stripe and PayPal. Deal activities, acquisitions, and public listings are projected to increase, signaling an optimistic future for fintech.
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PayPal launches Tap to Pay on iPhone for businesses using Venmo and Zettle in the US
TechCrunch
·
1y ago
Medial
PayPal has launched "Tap to Pay" for iPhone users in the US through the Venmo and Zettle apps. The feature allows businesses to accept contactless card and digital wallet payments with no additional cost or hardware. Merchants can add taxes, accept tips, send receipts, and issue refunds. The funds from sales are quickly transferred to the merchant's Venmo or PayPal Zettle account. PayPal charges a fee of 2.29% + 9¢ for each sale through the tap-to-pay method. The feature aims to help small businesses adapt to the increasing trend of cashless payments.
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Trump's crypto team takes shape but questions remain over who will drive policy
Economic Times
·
7m ago
Medial
US President-elect Donald Trump has revealed his crypto policy by announcing former PayPal executive David Sacks as White House A.I. & Crypto Czar, while nominating attorney Paul Atkins to head the Securities and Exchange Commission (SEC). The appointments have generated mixed responses, with some arguing that the creation of a crypto czar raises questions about who will drive policy. Sacks, a known bitcoin investor, is expected to bring change quickly, but clashes with the SEC's processes may occur. Meanwhile, Atkins is seen as a veteran in Washington policy circles who supports crypto innovation but hasn't taken a clear stance on the classification of crypto tokens. The crypto industry anticipates more constructive regulation under the new administration.
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PayPal launches tap-to-pay for iPhone users in Germany
Economic Times
·
2m ago
Medial
PayPal has launched a tap-to-pay feature for iPhone users in Germany, enabling contactless payments via NFC technology at terminals accepting Mastercard. This follows the EU's Digital Markets Act, which required Apple to allow third-party access to the iPhone's NFC chip, previously restricted to Apple Pay. Initially introduced in the US, the service doesn't yet include Apple Watches. PayPal is expanding its contactless payment services, seizing new regulatory opportunities in Europe.
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PayPal to launch AI-based products as new CEO aims to revive share price
Economic Times
·
1y ago
Medial
PayPal is set to launch new AI-driven products, including a one-click checkout feature, as its CEO Alex Chriss strives to revive the company's stock. The move reflects the increasing investor interest in AI, which has boosted US stock markets. Chriss sees AI as a huge opportunity for PayPal, using data from the company’s merchant transactions to enable targeted marketing. PayPal's stock fell 4.6% following the announcement, but analysts view the products as promising innovations that will enhance user experiences.
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Now, PhonePe Users Can Pay Via UPI In Singapore
Inc42
·
1y ago
Medial
The Singapore Tourism Board (STB) and Indian fintech giant PhonePe have formed a strategic partnership to promote Unified Payments Interface (UPI) payments for Indian tourists in Singapore. Indian visitors can now use the PhonePe app at over 8,000 merchants in Singapore. The collaboration builds on the existing UPI linkage between India and Singapore, allowing customers to make cross-border transactions directly from their Indian bank accounts. Both STB and PhonePe will invest in joint marketing efforts across India and Singapore as part of the partnership.
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SingleInterface raises $30 mn from PayPal, Asia Partners
Livemint
·
1y ago
Medial
Singapore-based SaaS marketing platform SingleInterface has raised $30m in a funding round led by Asia Partners and PayPal Ventures. SingleInterface offers solutions for multi-location enterprise brands across digital marketing, customer engagement and e-commerce. The funding will be used to expand its global reach and enhance its portfolio of hyperlocal marketing, engagement and commerce products, with a focus on advanced audience segmentation and personalised re-engagement. The company operates in Asia and the Middle East, and plans to deepen its presence in markets such as Australia and Japan.
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