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Retail Asia08/09/2023

If you have a PayPal debit or credit card, starting today you can add them to your Apple Wallet app where they can be selected for use with the Apple Pay mobile payment service. There are two ways that you can accomplish this. Number one, you can open the iOS PayPal app and find the […]

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Retail Asia24/01/2023

Nearly 35,000 PayPal user accounts have been breached by so-called “credential stuffing”. PayPal managed to stop the two-day intrusion and reset the affected users’ passwords. In fact, PayPal’s own servers weren’t hacked. The reason for the hack was the so-called “credential stuffing”, a technique the hackers used to gain access to the user accounts. This […]

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Retail Asia06/06/2022

Discover the current and upcoming shopping behaviours that will shape the future of cross-border commerce, and emerging trends that will help integrate and bring seamless shopping experiences to your customers. During the pandemic, 10 years of forecasted growth happened in the span of 90 days. This year, the global e-commerce market is expected to be […]

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Retail Asia26/10/2021

PayPal is not pursuing an acquisition of Pinterest at this time, the online payments provider said on Sunday, responding to market rumors. Earlier in the week, it was reported that the payments behemoth had offered to buy digital pinboard site Pinterest for US$45 billion, or about $70 per share, mostly in stock. Pinterest did not […]

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Retail Asia21/10/2021

PayPal has made an offer to buy digital pinboard site Pinterest for US$45-billion, people familiar with the matter said on Wednesday, a combination that could herald more tie-ups between fintech and social media companies in e-ecommerce. The per-share price would represent a 26% premium to Pinterest’s closing price of $55.58 on Tuesday. PayPal plans to finance […]

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Retail Asia10/09/2021

The U.S. fintech giant announced a mostly cash deal to acquire Japan’s buy now, pay later (BNPL) payments platform Paidy for ¥300 billion (about $2.7 billion) on Wednesday. The acquisition will expand PayPal’s capabilities, distribution and relevance in the domestic payments market in Japan, the third-largest e-commerce market in the world, complementing the company’s existing cross-border e-commerce […]

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Retail Asia26/08/2021

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The U.S. online payments giant is expanding the Singapore-based workforce by 25 percent to support the region’s growing demand for digital solutions. Some 150 job openings are on offer at PayPal’s its international headquarters in Singapore, under the Infocomm Media Development Authority of Singapore’s TechSkills Accelerator (TeSA) program and supported by Digital Industry Singapore (DISG), according to an […]

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Retail Asia15/10/2019

With the acquisition of GoPay, PayPal will become the first foreign firm to enter China’s digital payments market. The People’s Bank of China has approved the acquisition of a 70-percent stake in Guofubao Information Technology Co. (GoPay) by Yinbaobao, a local subsidiary of payments platform PayPal, GoPay announced in a statement earlier this week. Foreign players have found […]

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Retail Asia05/09/2019

PayPal-backed digital lender Tala has raised another $110 million to enter the Indian market, increasing the firm’s total estimated value to more than $750 million. The five-year old California-headquartered startup specializes in digital lending, building credit profiles based on customer texts, call logs, merchant transaction, app usage and other behavioral data through an Android app. […]

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Retail Asia27/08/2019

PayPal has been doing pretty much everything in its power to keep the likes of Apple Pay at bay in the increasingly competitive online and mobile payment market, joining forces with Google on a number of mutually advantageous initiatives, vastly improving its main app, and making it easier and faster to transfer funds to a US bank account. Of course, the company’s […]

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Retail Asia26/08/2019

South Korean fintech unicorn, Viva Republica, raised $64 million for its financial service platform Toss pushing the firm’s total value to $2.2 billion. The Seoul-based fintech has raised a total of $250 million, including $80 million in the December round, and new funding joins prominent existing investors such Singapore’s GIC and Sequoia Capital. Viva Republic […]

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Retail Asia16/07/2019

Google has just announced it has expanded its partnership with PayPal to provide merchants with more ways to accept payments online. Starting next week, Google Pay will benefit from PayPal integration in all 24 countries where customers can link their PayPal account to Google Pay. Merchants that enable PayPal as a payment method on their Google Pay integration […]

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Retail Asia07/06/2019

Strategic hires follow the digital payments firm’s $40-million series B funding round in February. Silicon Valley-based fintech-as-a-service platform Rapyd has hired Richard Oh as its APAC Senior Director of Network Management and Larry Lee as Senior Director of Network Growth and Optimization, the firm announced in a statement. Oh and Lee, who have four decades of experience in the […]

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Retail Asia12/04/2019

Over time, the position of the payment markets in the global economy has been invariably shaped and defined by the traditional payment systems. However, as with all technologies, it is not without its pitfalls. While these payment systems are equipped to handle the level of transactions well enough, they still have several faults. Thus, in […]

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Retail Asia12/03/2019

Digital platforms provide a host of challenges for governments. Questions about how to best protect privacy, democracy, and speech online become more pressing every year. But policies that affect online platforms also affect international trade. Many Australian small businesses rely on digital platforms to stay on par with their international competitors. As Australia starts tackling […]

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Retail Asia10/11/2017

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Global technology platform and digital payments company PayPal Holdings has launched in India. This enables Indian consumers to use PayPal to shop online. Merchants offering PayPal will be able to process both local and global payments, gaining access to the brand’s more than 218 million customers across 200 global markets. Offering cross-border payments in India […]

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Retail Asia09/08/2017

Online payments company PayPal has set up two new innovation labs at its Chennai and Bangalore tech centers in India. These are the first of such facilities in India set up by the company and third globally after the US and Singapore. These labs will support projects in machine learning, artificial intelligence, data science, IoT, […]

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Retail Asia21/11/2016

The Hong Kong Monetary Authority (HKMA) said on Friday that it had granted stored value facilities (SVF) licences to eight more issuers including Paypal Hong Kong Limited, bringing the total to 13. “We are pleased to see companies with diverse backgrounds offering a variety of SVF products which will enhance retail payment convenience in Hong […]

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Retail Asia18/11/2016

Asia Pacific leads the world in mobile cross-border shopping, according to the third PayPal Annual Global Report, released in conjunction with global market research company Ipsos. With its investigation of the online domestic and cross-border shopping habits of more than 28,000 consumers in 32 countries, the report reveals international opportunities for merchants. Of the Asia […]

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Retail Asia16/11/2016

While digital commerce is strong in the world’s two largest economies, Chinese shoppers use smartphones and tablets more than shoppers in the US. This is shown in a new study from IAB (Interactive Advertising Bureau) and IAB China, Understanding Digital Commerce in the US and China. Conducted by consulting firm Hypothesis Group, the research shows […]

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