PayPal

Indonesia has blocked search engine website Yahoo, payments firm Paypal and several gaming websites due to failure to comply with licensing rules, an official said on Saturday, sparking a backlash in social media. Registration is required under rules released in late November 2020 and will give authorities broad powers to compel platforms to disclose data of certain users, and take down content deemed unlawful or that "disturbs public order" within four hours if urgent and 24 hours if not. Several tech companies had…

Indonesia has blocked search engine website Yahoo, payments firm Paypal, and several gaming websites due to failure to comply with licensing rules, an official said on Saturday, sparking a backlash on social media.Registration is required under rules released in late November 2020 and will give authorities broad powers to compel platforms to disclose data of certain users, and take down content deemed unlawful or that "disturbs public order" within four hours if urgent and 24 hours if not.Several tech companies had rushed…

Rest of World: The alumni of Colombian last-mile delivery unicorn Rappi have founded 100+ startups in under seven years, outpacing even the PayPal Mafia in startup creation — The Colombian unicorn's alumni are outpacing the PayPal mafia in startup creation. — • BOGOTÁ, COLOMBIA Rest of World: The alumni of Colombian last-mile delivery unicorn Rappi have founded 100+ startups in under seven years, outpacing even the PayPal Mafia in startup creation — …

Binance US, the U.S. partner of the world's largest cryptocurrency exchange, named former PayPal Holdings executive Jasmine Lee as its chief financial officer on Thursday. Lee most recently served as the CFO and chief operating officer of investing application Acorns. Before that, she spent eight years at PayPal in top executive roles. Her appointment comes at a time when investors have been dumping digital assets on fears that aggressive interest rate hikes from global central banks would spark an economic slowdown. The…

Photo: Tanmoythebong (Shutterstock)Are you one of the many, many people that gets a tingly kick from watching soft-spoken YouTubers tapping and whispering into their mics from hours on end? Have I got some bad vibes for you.If you’re not into ASMR or you’ve never heard of it, here’s a quick rundown: ASMR is short for autonomous sensory meridian response, and it’s the name of the sensation some people derive from hours-long videos of someone whispering into a camera at them. Some people describe the feeling as “tingles”…

PayPal is putting new limits on a feature in its payment system that allows people to receive money without paying extra fees, the company recently announced. Starting July 28th, only personal PayPal accounts will be able to get funds via Friends & Family, a transaction method intended for trusted recipients. There are two ways of sending money on PayPal: Friends & Family and Goods & Services. F&F is intended for paying your friend back for dinner, for example, or giving your kid some birthday money —…

Pinterest said long-time Chief Executive Officer Ben Silbermann would step down, handing over the reins of the social media platform to Google commerce executive Bill Ready.The news sent the company's shares 9 percent higher in extended trading on Tuesday and underscored a shift in focus at Pinterest to e-commerce initiatives from its advertising-based business model.In Ready, 42, the company gets an executive who for the past two years ran commerce and payment operations at the Alphabet-owned search giant Google. Ready…

MasterClass CEO David Rogier.Photo: Cindy Ord (Getty Images)Online educational platform MasterClass announced Thursday that it would lay off 20% of its employees, joining a number of other tech companies that have reduced the size of their teams to try and adapt to worsening economic conditions.On Wednesday, MasterClass CEO David Rogier said on Twitter that he had to make the “really hard decision” to cut back on the company’s staff members in order to “adapt to the worsening macro environment and get to self…

Following the news that Apple is launching its own buy now, pay later (BNPL) system, one of the incumbents is fighting back. Today, PayPal announced that it is expanding its own BNPL offering to give customers more choice when choosing their repayment scheme. PayPal already allows people to make a purchase and then spread the payments across a six-week period using its Pay in 4 service, but it's now expanding that to a new Pay Monthly offering that will give people up to two years to pay. Purchases between $199 and…

said today it had launched its latest Buy Now, Pay Later (BNPL) product, PayPal Pay Monthly, issued by WebBank.Pay Monthly will enable US consumers to spread payments over longer periods of time, up to two years. What's more, its customers will have access to a new offering through PayPal that will give them "greater flexibility and even more choices to pay for the items they want and need," according to the company's announcement.With 537 million credit card accounts and debt totaling $841 billion in the US as of…