Paypal Holdings Stock Price, News & Analysis

On December 1, 2021, PayPal announced that Wix merchants can now offer PayPal Pay in 4 and PayPal Credit through a dedicated Pay Later button. This partnership aims to help businesses maximize holiday sales. Online retail sales reached $8.9 billion on Black Friday 2021, reflecting a strong demand for eCommerce. Merchants utilizing PayPal Pay in 4 reported a 21% increase in payment volume, indicating its effectiveness in boosting sales conversions.

PayPal Holdings, Inc. (NASDAQ: PYPL) reported its third quarter 2021 results ending September 30, 2021. The company continues to lead in digital payment solutions, serving over 400 million consumers and merchants across more than 200 markets. A conference call to discuss these results is scheduled for 2:00 p.m. Pacific time today, with a live webcast available on their investor relations website. For further details, the earnings release and related materials can also be accessed there.

On Oct. 5, 2021, Honey announced the launch of a cash back feature for US users to redeem Honey Gold reward points via PayPal. This new offering allows users to earn cash back, in addition to existing credit card rewards, enhancing savings options for online shoppers. The announcement comes as e-commerce spending is projected to increase by 15% this holiday season. Honey is also expanding its deal-seeking technology with a new iOS Safari browser extension, enabling users to find coupons and earn cash back while shopping on mobile devices.

PayPal has announced the inaugural winners of the Maggie Lena Walker Award, honoring women from underrepresented groups who drive economic empowerment. The award, named after the first Black woman bank president in the U.S., includes cash awards up to $50,000 and mentorship opportunities. Key winners include Kathryn Finney of Genius Guild, Sheena Allen of CapWay, and Chloe B. McKenzie of BlackFem. This initiative aligns with PayPal's goal to foster an inclusive economy and support underserved communities.

Venmo has launched the #VenmoU Cash Drop, a 24-hour giveaway to support college students facing rising tuition costs. Starting on September 29, 2021, students can win up to $500 instantly and enter a grand prize drawing for $10,000. The initiative addresses the financial burden of college expenses, with over 64% of graduates in 2020 taking loans averaging $29,927. The giveaway aims to alleviate financial stress heightened by the pandemic, offering a fun way for students to earn some extra money as they return to school.

PayPal Holdings (PYPL) announced its agreement to acquire Paidy, a leading Japanese buy now, pay later provider, for ¥300 billion (approximately US$2.7 billion) in cash. This acquisition aims to enhance PayPal's services in Japan's ecommerce market, the third largest globally. Paidy's innovative platform has attracted over six million users, successfully integrating with various wallets. The deal is expected to be minimally dilutive to PayPal's non-GAAP earnings per share in 2022, pending regulatory approval and customary closing conditions.

PayPal (NASDAQ: PYPL) has launched a new service allowing UK customers to buy, hold, and sell cryptocurrencies. This service, available starting this week, marks PayPal's first international expansion of its crypto services beyond the U.S. Users can access cryptocurrencies like Bitcoin, Ethereum, Litecoin, and Bitcoin Cash through their PayPal accounts. The initiative aims to offer secure access to cryptocurrency while providing educational resources about the associated risks. PayPal has partnered with Paxos Trust Company for this offering, enhancing its digital financial services portfolio.

PayPal Holdings (NASDAQ: PYPL) announced it will eliminate late fees for missed payments on buy now, pay later options starting October 1. This policy will apply to new customer purchases in the U.S., U.K., France, Germany, and Australia. A recent study shows that 33% of consumers value no late fees when selecting payment options, enhancing the attractiveness of PayPal's offerings. Merchants benefit from increased conversions, with reports indicating a 50% repeat purchase rate within three months. The initiative aligns with PayPal’s commitment to improving financial services accessibility.