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US Immigration ban: Apple, Google, Twitter, Tesla and other tech companies react to the H1-B visa suspension
News & Analysis

US Immigration ban: Apple, Google, Twitter, Tesla and other tech companies react to the H1-B visa suspension

The visa suspension, effective 24 June, will last until the end of the year and is expected to open up 525,000 jobs for US workers.

PayPal revenue rose 17.4 percent to $4.96 billion; shares down by 4 percent
News & Analysis

PayPal revenue rose 17.4 percent to $4.96 billion; shares down by 4 percent

PayPal expects full-year adjusted profit in the range of $3.39 per share and $3.46 per share

Pine Labs secures undisclosed funding from Mastercard for expansion of digital payments adoption in India
News & Analysis

Pine Labs secures undisclosed funding from Mastercard for expansion of digital payments adoption in India

Mastercard joins PayPal and Temasek who pumped in around $125 million over 2018 into Pine Labs.

PayPal stops support for PornHub models after spotting some unauthorised payments
News & Analysis

PayPal stops support for PornHub models after spotting some unauthorised payments

Pornhub spokesperson said that they are devastated by PayPal's decision to stop payouts to over a hundred thousand performers.

Facebook's Libra currency suffers setbacks after Mastercard, Visa quit the project
News & Analysis

Facebook's Libra currency suffers setbacks after Mastercard, Visa quit the project

Facebook ambitious efforts to establish a global digital currency called Libra has suffered severe setbacks.

PayPal pulls out of Facebook's digital currency Libra due to hightened scrutiny
News & Analysis

PayPal pulls out of Facebook's digital currency Libra due to hightened scrutiny

Facebook has presented Libra as a currency that could be used for digital payments.

Facebook's Libra cryptocurrency launch could be pushed back due to regulatory concerns
Sports

Facebook's Libra cryptocurrency launch could be pushed back due to regulatory concerns

Facebook announced plans to launch its digital currency Libra in June 2020.

Trump orders investigation after reports of Google supporting Chinese government
News & Analysis

Trump orders investigation after reports of Google supporting Chinese government

Google has been accused by PayPal co-founder that it may be infiltrated by Chinese intelligence agents.

US proposes barring big technology companies from offering digital currencies
News & Analysis

US proposes barring big technology companies from offering digital currencies

The proposal sends a strong message to large tech firms increasingly eyeing the financial services space.

Facebook reportedly set to unveil its cryptocurrency called 'Libra' by next year
News & Analysis

Facebook reportedly set to unveil its cryptocurrency called 'Libra' by next year

Facebook has already sought blessings from the US Treasury and the Bank of England.

Mumbai Metro to partner up with PayPal for online recharge payments
News & Analysis

Mumbai Metro to partner up with PayPal for online recharge payments

Metro commuters can recharge their smart cards by logging onto the Mumbai Metro website.

Global tech firms like Facebook, Mastercard to oppose India's planned data law
News & Analysis

Global tech firms like Facebook, Mastercard to oppose India's planned data law

Facebook, Mastercard, PayPal fear the data law will increase their compliance, infrastructure costs.

Facebook to deepen links with financial institutions to improve customer service
News & Analysis

Facebook to deepen links with financial institutions to improve customer service

The Wall Street Journal had reported that Facebook had asked banks to share detailed financial information.

Puzzle-based games are more popular among Indian women: Study
News & Analysis

Puzzle-based games are more popular among Indian women: Study

For the study, a survey was conducted across 25 markets involving nearly 25,000 active paying gamers.

Apple software updates will let older iPhones run faster, control social media tracking and help reduce screen time for children
News & Analysis

Apple software updates will let older iPhones run faster, control social media tracking and help reduce screen time for children

Apple unveiled new steps to make it hard for advertisers to distinguish among users, building on its effort, begun last year, to prevent such tracking.

For the first time ever, street performers in London will accept cash via a contactless payment scheme
News & Analysis

For the first time ever, street performers in London will accept cash via a contactless payment scheme

For the first time in London, select performers who are often seen busking in the London streets will be offered with a system of contactless payment.

PayPal makes it easier for Indian sellers and freelancers to receive payments from abroad
News & Analysis

PayPal makes it easier for Indian sellers and freelancers to receive payments from abroad

According to PayPal, the certificate can be directly collected by the sellers and freelancers from their beneficiary banks.

EBay stocks hit an all time high as investors cheer the move to ditch PayPal as its main payments partner
News & Analysis

EBay stocks hit an all time high as investors cheer the move to ditch PayPal as its main payments partner

Analysts said that might bring in more revenue for eBay while lowering costs, adding to optimism from a strong holiday quarter for the e-commerce company.

eBay posts higher revenue in holiday quarter after website changes and marketing leads to more customers
News & Analysis

eBay posts higher revenue in holiday quarter after website changes and marketing leads to more customers

EBay said it would move as quickly as possible to complete the transition within the parameters of its deal with PayPal.

PayPal's profit jumps by 59 percent owing to strength in its merchant services business
News & Analysis

PayPal's profit jumps by 59 percent owing to strength in its merchant services business

PayPal net revenue climbed to $3.74 billion from $2.98 billion, while payments volume rose 32 percent to $131.45 billion.