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Tag: digital payments


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PayPal to cut 7% of its workforce

January 31, 2023

Via: Payments Dive

The PayPal job cuts follow a $2-billion investment in the company last year by Elliott Investment Management, an activist investor that often pushes companies to increase profitability in the interest of boosting stock prices. The value of PayPal’s shares have […]


E-payment & Security, Technology

PayPal counts on its digital app for gains

November 28, 2022

Via: Payments Dive

PayPal is counting on its digital app to boost business as it focuses more on customer engagement and less on adding new customer accounts. To that end, one new service the company is testing is a teen account for users […]


E-payment & Security, Technology

PayPal cuts back growth plans, again

April 28, 2022

Via: Payments Dive

Digital payments pioneer PayPal once again cut back its growth goals for this year, and beyond, when it reported first-quarter earnings Wednesday. The San Jose-based company told analysts on the earnings conference call that the macroeconomic environment, including inflation, the […]


E-payment & Security, Technology

PayPal scraps account growth goal

February 2, 2022

Via: Payments Dive

In a one-two punch to its status as a major global digital payments processor, PayPal delivered disappointing fourth-quarter results Tuesday and a dimmer outlook for new customer and revenue growth this year. The San Jose, California-based company reported fourth-quarter profits […]


E-payment & Security, Technology

Is there an expiration date on Visa’s main growth engine?

January 11, 2022

Via: Payments Dive

In a rare move, Mizuho Securities on Friday downgraded Visa, the largest credit card network in the U.S., to a “neutral” rating from a “buy” rating, saying the company’s “single most important driver of revenue growth” was stalling. Mizuho Analyst […]


B2B, E-payment & Security, Technology

PayPal CFO: Pandemic has created ‘inflection point’ for digital payments

March 5, 2021

Via: Payments Dive

PayPal has been one of the few benefactors of the COVID-19 landscape, as consumers were forced to pivot from in-person contact and conduct most transactions virtually. But the company isn’t lowering its expectations as the end of the pandemic grows […]