(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) — 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 More(Bloomberg) — U.S. payments-related stocks fell on Monday as investors braced for the return of Covid-related restrictions and lockdowns to cut into international travel and spending. The Bloomberg Digital Payments Index fell as much as 2.7% to touch its lowest level since December. Shares of Mastercard Inc. sank for a fourth straight day, falling as […]
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