PayPal

EU antitrust regulators have asked app developers whether Alphabet unit Google's threat to remove apps from its Play Store if they use other payment options instead of its own billing system has hurt their business, two people familiar with the matter told Reuters.Critics say fees charged by Google and Apple at their mobile app stores are excessive and cost developers collectively billions of dollars a year, a sign of the two companies' monopoly power.Questionnaires were sent to developers last month, the people said.Of…

US payments firm PayPal has registered as an electronic systems operator in Indonesia and its customers can now access its services, the company said. PayPal was one of several websites that Indonesia blocked at the weekend because of their failure to comply with new licensing rules. Companies were given a July deadline to register under new rules that would allow authorities to compel platforms to disclose data of certain users and take down content deemed unlawful or that "disturbs public order" within four hours if…

Indonesia has unblocked , Steam owner and (Engadget's parent company), allowing them to resume operations. The country from accessing services of several companies that missed a July 29th deadline to register with a government database. The Communications Ministry reopened access to PayPal, Yahoo and Valve services after they signed up. “PayPal is fully committed to complying with applicable laws and regulations in the markets where we do business," a PayPal spokesperson told Engadget. "We have registered as an…

PayPal Holdings on Tuesday said activist investor Elliott Management has an over $2 billion (roughly Rs. 15,800 crore) stake in the fintech company and the firm raised its annual profit guidance.PayPal shares shot up nearly 12 percent after it also announced a slew of moves including appointing Blake Jorgensen as new chief financial officer and a $15 billion (roughly Rs. 1,18,440 crore) repurchase programme.The fintech company has "an unmatched and industry-leading footprint across its payments businesses," said Jesse…

Image Source : FREEPIK QR Code Digital wallet: It was recently reported that the total number of digital wallet users will exceed 5.2 billion globally by 2026, up from 3.4 billion in 2022, representing strong growth of over 53 per cent, a report said on Tuesday. The findings, by Juniper Research, predicted that the presence of "superapps" will drive digital wallet use in developing countries that are currently considered cash-heavy. "These rapidly growing markets represent a significant opportunity for digital…

PayPal Holdings on Tuesday said activist investor Elliott Management has an over $2 billion stake in the fintech company and the firm raised its annual profit guidance. PayPal shares shot up nearly 12% after it also announced a slew of moves including appointing Blake Jorgensen as new chief financial officer and a $15 billion repurchase program. The fintech company has "an unmatched and industry-leading footprint across its payments businesses," said Jesse Cohn, a managing partner at Elliott, a day after the investment…

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 and games sparked an outcry.The Indonesian communication ministry on Saturday blocked PayPal, search engine website Yahoo, and several gaming services due to failures to meet a deadline under licensing rules.Registration is required under rules released in late November 2020 and will give authorities broad powers to compel platforms…

Indonesia has blocked search engine website Yahoo!, payments firm Paypal and several gaming websites due to their failure to comply with licensing rules, an official said on Saturday. The move sparked a backlash on social media.Under the rules released in late November 2020, registration is required, which will give authorities broad powers to compel platforms to disclose data of certain users. It would also allow the authorities to take down content deemed unlawful or that “disturbs public order” within four hours, if…

Indonesia is blocking residents from accessing various online platforms after those services failed to comply with a July 29th regulatory deadline, reports (via ). Among the affected platforms are PayPal, Steam and Yahoo (owned by Engadget’s parent company Apollo Management). Under the country’s 2020 MR5 law, companies labeled as “Private Electronic System Providers” had until this week to register with a government database or face an outright ban. Similar to India’s , MR5 gives Indonesia the power to force online…

The Indonesian government has blocked access to a range of online services, including Steam, Epic Games, PayPal, and Yahoo after the companies failed to comply with a new requirement related to the country’s restrictive content moderation laws, as reported earlier by Reuters. In line with the rules, companies deemed “Private Electronic System Providers” must register with the government’s database to operate in the country, or otherwise face a nationwide ban. Indonesia gave companies until July 27th to comply and has…