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Instagram launches shopping checkout, charging sellers a fee

Instagram is opening a whole new revenue stream. Now the 130 million people who tap Instagram’s product tags on shopping posts will be able to buy those items without leaving the app thanks to s

PayPal now lets US users instantly transfer funds to bank accounts in seconds

PayPal, a longtime alternative to the direct use of cards, cash and bank transfers to make payments for goods online and in stores, is today adding a new feature to help it tap into a wider range of c

PayPal to invest $750M, and Dragoneer $100M, into MercadoLibre, Argentina’s e-commerce powerhouse

It’s not only SoftBank that’s eyeing up the opportunity to tap into the quickly expanding market for e-commerce in Latin America. MercadoLibre, a marketplace and financial services powerho

Gaming clips service Medal has bought Donate Bot for direct donations and payments

The Los Angeles-based video gaming clipping service Medal has made its first acquisition as it rolls out new features to its user base. The company has acquired the Discord -based donations and paymen

Venmo launches a ‘limited edition’ rainbow debit card for its payment app users

Hoping to entice more users to attach the Venmo Mastercard to their account, Venmo this morning announced it’s launching a “special edition” rainbow-colored version of its debit card

PayPal shutters Malaysia office as part of customer service reorg

Payment giant PayPal has closed its office in Malaysia as part of a restructuring of its customer support teams. The office, located in capital city Kuala Lumpur, was home to a team of customer servic

PayPal revenues miss but growth is strong from new acquisitions

PayPal revenues missed, but strong growth from its recent iZettle and Hyperwallet acquisitions and booming business at Venmo point to a strong outlook for the payments giant. In all, PayPal saw revenu

Tradeshift says it’s seen a ‘huge drop’ in UK transactions amid Brexit uncertainty

The U.K. is experiencing a significant and drastic fall in the volume of business-to-business transactions, according to the CEO of one of the world’s largest B2B payments and supply chain logistics

BlueRun Ventures closes on $130M, promotes Cheryl Cheng to GP

PayPal, Kabbage and Waze investor BlueRun Ventures invests in early-stage mobile software and fintech startups.

Peter Thiel’s Valar Ventures targets $350M for new funds

Valar Ventures plans to raise $350 million across two new funds, according to a pair of SEC documents filed this morning.

Facebook and PayPal pull pages of far-right British activist filmed intimidating public figures

Facebook has confirmed it has removed the pages and profiles of a far-right political activist in the U.K. after concerns were raised in parliament about aggressive intimidation of politicians and jou

2019 looks to continue another lights-out year for fintech startups

We predicted fintechs would prove to be the more relevant disruptors in 2018. Looking ahead to 2019, we predict that fintechs will continue to steal the show.

Nyca Partners’ Hans Morris hunts for great fintech investments amid volatility

Hans Morris is a name to know in fintech, and as finance and tech sectors prepare for tougher time next year, he has some incisive thoughts to share about the kinds of companies that will succeed (or

Cydia shuts down purchasing mechanism for its jailbreak app store

Years after becoming one of the go-to destinations for iOS jailbreaks, Cydia’s app store is disabling purchases. Users will be able to access existing downloads through the store and access purchase

Payment service Toss becomes Korea’s newest unicorn after raising $80M

South Korea has its fourth unicorn startup after Viva Republica, the company beyond popular payment app Toss, announced it has raised an $80 million round at a valuation of $1.2 billion. This new rou

PayPal: Black Friday & Cyber Monday broke records with $1B+ in mobile payment volume

Black Friday broke records in terms of sales made from mobile devices, according to reports last week from Adobe. This week, PayPal said it saw a similar trend during the Thanksgiving to Cyber Monday

Vision Direct reveals breach that skimmed customer credit cards

European online contact lens supplier Vision Direct has revealed a data breach that compromised full credit card details for a number of its customers, as well as personal information. Compromised dat

MetaCert can catch phishing links in your email

MetaCert, founded by Paul Walsh, originally began as a way to watch chat rooms for fake Ethereum scams. Walsh, who was an early experimenter in cryptocurrencies, grew frustrated when he saw hackers du

Poynt raises $100M for its smart payment terminal

Palo Alto-based Poynt was launched in 2014 by the former head of Google Wallet and longtime PayPal executive Osama Bedier. 

PayPal shuts down accounts for Proud Boys and founder McInnes as well as antifa groups

PayPal has shut down several accounts, including those for far-right group the Proud Boys and their founder, Gavin McInnes, for the promotion of "hate, violence, or other forms of intolerance." Severa
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