PayPal

PayPal has acquired Honey, a shopping and rewards technology platform for US$4 billion. The deal is expected to close in the first quarter of 2020.  The payments giant said the deal enhances its value proposition with an extensive set of consumer commerce capabilities.  Honey was founded in 2012 and helps

Instagram application on Apple iPhone X

Social commerce has grown rapidly in Australia, according to the PayPal mCommerce Index 2019. Almost a fifth of (18 per cent) of surveyed businesses are now selling via social media, an increase of 38 per cent YoY. An additional 21 per cent of businesses indicated they intend to sell via

Facebook’s biggest partners for its upcoming Libra payments network have backed out of the project less than four months after it was announced. Mastercard, Visa, and eBay said Friday they are dropping out of the partner group working on Libra, joining Paypal which backed out a week earlier. Libra is

Consumer spend via digital wallets across Europe and North America will increase by 40 per cent this year to nearly $790 billion, according to a new study from Juniper Research. It argued that the largest growth in 2019 would come from instore payments, with mobile contactless payments more than doubling

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Australians are avid online shoppers and known to love a bargain as new research shows a large portion of consumers are always on the hunt for a discount code or online sale. However, only 39 per cent of businesses say their discounts drive an increase in revenue. The new PayPal

PayPal today announced the launch of PayPal Giving Fund Australia, a registered charity that facilitates digital payments options for other Australian charities. The initiative is designed to combat an increasingly cashless society, a trend PayPal says is hurting donation levels. PayPal will provide the technology and, along with partners, cover

PayPal Headquarters San Jose

Service NSW now accepts PayPal as a payment option, making online and mobile payment for NSW Government services faster and easier. Starting with Roads and Maritime Services, PayPal will be progressively be available on all of the NSW Government agencies that accept payments via the Service NSW website and mobile

PayPal announced that it has agreed to acquire Simility, a leading fraud prevention and risk management platform, for a purchase price of $120 million in cash, subject to certain adjustments. The acquisition of Simility will enhance PayPal’s ability to deliver fraud prevention and risk management solutions to merchants globally. Sign

PayPal Headquarters San Jose

Nearly 2.1 billion consumers worldwide will use a mobile wallet to make a payment or send money in 2019, up by nearly 30 per cent on the 1.6 billion recorded at the end of 2017. That’s according to a new study from Juniper Research. The study claimed that while contactless

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The average Australian smartphone owner has 29 apps installed but uses only five different apps per day, according to a PayPal report. The tough competition for user attention means businesses need to do more than re-skin their website, according to the payments giant. “Nearly half (48 per cent) will delete