Tag "Paypal"

PayPal finally launches operations in India

By : CIOL Writers

US-based digital payments company PayPal has launched its domestic operations in India. The digital payments giant which is known for its cross-border transactions will now show up with merchants and services within India as well. Anupam Pahuja, Country Manager, and

Facebook Messenger users can now send money through PayPal

By : CIOL Writers

Due to the rise in the digital transactions across the world, PayPal has launched a new facility to send and receive money via Facebook Messenger. This means, users will now be able to send and receive money through PayPal’s peer-to-peer

PayPal is acquiring Swift Financial to expand lending business

By : CIOL Writers

Payments firm, PayPal is acquiring online lending company Swift Financial aimed at expanding its business that provides working capital to merchants. Financial terms of the deal were not disclosed. PayPal said the acquisition is to increase small business owners access

PayPal launches two new tech Innovation labs in India

By : CIOL Writers

PayPal has opened two new Innovation labs in Chennai and Bangalore, its first in India and third after the US and Singapore. “India is a hotbed for innovation given its evolving startup ecosystem, diverse merchant profiles, and enormous talent pool. To

Baidu partners with Paypal to tap China’s payments market

By : CIOL Writers

According to a Reuters report, China’s Baidu has entered into a partnership with PayPal to tap the overseas merchants as Chinese tech companies ramp up the fight for overseas payment partnerships. Baidu’s payment platform, Baidu Wallet, will be accepted by roughly 17

SoftBank to sell Freecharge at 50pc discount for $200mn: Report

By : CIOL Writers

SoftBank-backed digital wallet Freecharge could soon be sold for as low as $150-200 million, reports Economic Times. This value is merely 50 percent of what FreeCharge is worth. Reportedly, Alibaba-owned Paytm is one of the frontrunners to buy the mobile wallet platform owned

Morgan Stanley marks down Flipkart valuation to $5.37bn

By : CIOL Writers

In a fifth-consecutive markdown for India’s largest e-commerce startup Flipkart, a mutual fund managed by Morgan Stanley has marked the value of their Flipkart shares at $50.51 per share as of December 2016. This is down 3.1 percent from $52.13 per

PayPal reportedly in talks with Flipkart-owned PhonePe for funding

By : CIOL Writers

Flipkart’s PhonePe is in talks with global online payments giant PayPal to raise capital independently at a $500 million valuation, according to a Times of India report. Citing people in the know of the things, the report said that PhonePe

Indians spent Rs 58,370cr in cross-border shopping in past 12 months: PayPal report

By : CIOL Writers

Indian shoppers spent an estimated Rs 58,370 crore on shopping from other countries last year with lifestyle and clothing being the leading category at 54 percent followed by consumer electronics (43 percent) and cosmetics and beauty products (42 percent). According

PayPal announces Incubator Challenge for fintech startups

PayPal announced the launch of the fifth edition of the PayPal Incubator Challenge. Early-stage financial technology companies, including startups across the country specialising in loyalty, machine learning, big data and logistics, among others can compete for a spot in the

Facebook partners PayPal to provide additional payment option

By : CIOL Writers

After adding video and voice calling feature into its Messenger App, Facebook is set to feature additional payment option via PayPal. The integration of Paypal with Facebook and Messenger will allow customers to transact on Messenger using PayPal’s payment service.

Weekend cyber-attacks include Twitter, Spotify, PayPal and others

By : CIOL Writers

How the increasingly connected world is at high risk of cyber-attacks was once again proved last weekend when hackers targeted some of the world’s most popular websites including Twitter, Paypal, Spotify and other customers of an infrastructure company in New

PayPal promotes Anupam Pahuja as India MD

BANGALORE, INDIA: PayPal has promoted Anupam Pahuja as the Managing Director and Country Manager for India. Anupam has been with the company for over six years, heading technology for APAC. As the MD & Country Manager for India, Anupam will

Tech This Week: Bobbing up – Bitcoins, Missing-Plane signals and Whistleblowers at Oracle

By : Pratima Harigunani

INDIA: No matter if what happened this week was cryptic or clear, one thing is for sure;

PayPal helping techie women return to work from a career break

BANGALORE, INDIA: Today in India, close to 50% of women drop-out of work before they reach

How PayPal helps Canadian Nav Bhatia connect with loved ones in India?

CANADA: Technology has turned-around the life of Nav Bhatia, a Toronto-based Sikh entrepreneur who moved to

With a 30 percent salary hike, campus hiring reaches new high in TN

CHENNAI, INDIA: After a flat 2014, campus hiring has reached a new high this year in