(Bloomberg) — There’s a disappointing earnings report and then there’s what PayPal Holdings Inc. just posted, which immediately prompted at least 27 Wall Street analysts to cut their price targets. The digital payments company reported on Tuesday worse-than-expected growth and abandoned its 2025 expectations for active accounts — the sharp revision triggered a selloff in […]
Read More(Bloomberg) — The collapse in the shares of Paytm following India’s largest initial public offering is proving an expensive lesson for the firm’s early backers. Paytm shares have tumbled about 57% since the stock listed on Nov. 18. That’s cut the valuation of its parent One 97 Communications Ltd. to $7.8 billion from $20 billion. […]
Read More(Bloomberg) — Israel’s most valuable private technology company is in talks to buy a U.S.-based business to establish a foothold in the world’s biggest economy ahead of an initial public offering. Breaking into the U.S. is part of plans by payments startup Rapyd, last valued at $10 billion in August, to increase its attractiveness to […]
Read MoreMastercard Incorporated (MA) Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services. Visa Inc. (V) Visa Inc. operates as a payments technology company worldwide. […]
Read More(Bloomberg) — Apple Inc. is planning a new service that will let small businesses accept payments directly on their iPhones without any extra hardware, according to people with knowledge of the matter. The company has been working on the new feature since around 2020, when it paid about $100 million for a Canadian startup called […]
Read MorePayPal (PYPL) is almost synonymous with online payments, but it is not alone in the growing digital money space. Nearly every consumer market is moving online. For example, consider how Amazon overtook Walmart as the world’s largest retailer. Consumers are turning to online payment systems in record numbers every year. The industry for online payment […]
Read MorePlus, Affirm is partnering with Amazon to offer its payment solution to Amazon shoppers spending over $50, Astra shares dropped after the company’s weekend launch attempt failed, and Reddit traders have a new meme stock in Support.com.
Read MorePlus, Lyft and Uber shares opened lower after a California court ruled that a ballot measure that exempted gig workers from state labor law was unconstitutional, PayPal said it is opening its crypto service to users in the U.K., and Sir Richard Branson’s Virgin Orbital is going public via a SPAC merger.
Read MorePlus, Target also reported an earnings beat, PayPal and Fiserv are partnering to allow gig workers to get their paychecks directly in Venmo, and Southwest Airlines announced a new employee referral bonus.
Read MorePlus, HSBC and Heineken delivered earnings beats, Parker Hannifin is buying Meggitt for $8.8 billion, and Foot Locker bought two smaller shoe retail chains for $1.1 billion.
Read MoreAnalysts and traders agree: now’s the time to consider payment names. Here are 4 stocks in the sector they say are the best buys right now.
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