Australian regulator sues PayPal unit over unfair term in small business contracts
(Reuters) – Australia’s securities regulator said on Thursday it will take PayPal’s local arm to court alleging that the digital payments giant’s standard contracts with small business customers contain an unfair term…
Australian regulator accepts PayPal unit’s undertaking for money laundering laws
(Reuters) – Australia’s financial crime regulator said on Friday it accepted an enforceable undertaking from payments giant PayPal Holdings’ local unit to ensure its compliance with the country’s anti-money laundering and counter-terrorism…
PayPal tells Australia it supports buy-now-pay-later regulation
By Byron Kaye SYDNEY (Reuters) – Payments giant PayPal Holdings Inc wants buy-now-pay-later (BNPL) loans subjected to consumer protection law, it said in a submission to the Australian government, adding a powerful…
German cartel office initiates proceedings against PayPal
BERLIN (Reuters) – Germany’s cartel office regulator said on Monday it had initiated proceedings against payment company PayPal Europe over the possibility that it hindered competition. The subject of the proceedings was…
Indonesia opens temporary access to PayPal after blocking sparks backlash
JAKARTA – Indonesia temporarily opened access to online payment firm PayPal to allow users to access their money, a senior official said on Sunday, after the country’s blocking of some online services…
Activist Investor Elliott builds stake in PayPal – Bloomberg News
(Reuters) -Activist investor Elliott Investment Management is building a stake in PayPal Holdings Inc, as it plans to push the fintech giant to ramp up its cost-reduction efforts, Bloomberg News reported, citing…
PayPal expands payments services to help Ukrainian citizens, refugees
By Andrea Shalal WASHINGTON – PayPal Holdings Inc on Thursday expanded its services to allow Ukrainian citizens and refugees to receive payments from overseas, a move a senior Ukrainian official called a…
PayPal shuts down its services in Russia citing Ukraine aggression
By Paresh Dave – Payments company PayPal Holdings Inc shut down its services early on Saturday in Russia, citing “the current circumstances,” joining many financial and tech companies in suspending operations there…
PayPal stops accepting new users in Russia
By Paresh Dave, Elizabeth Culliford and Sheila Dang – Online payments company PayPal Holdings Inc stopped accepting new users in Russia on Wednesday given current circumstances, a company spokesperson told Reuters. PayPal,…
PayPal shares plunge 17% as bleak forecast stokes growth fears
– Shares of PayPal Holdings Inc slumped nearly 17% on Wednesday as investors questioned the company’s growth prospects after it disclosed a big hit to revenue from the impending loss of marquee…
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