Add another name to the host of competitors facing PayPal: a European service called Paybybank. Paybybank offers a digital checkout service that links directly to a shopper’s bank account, prioritizing security over speed and convenience. The service is described as new in a video released yesterday, but seems to have been available inRead More
Post Tagged with: "Xoom"
PayPal Holdings Inc. reported total payments volume of $81 billion for the quarter, up 29% from a year ago. Its newer services – Venmo and Xoom – were at the center of it all. Venmo processed nearly $3.2 billion in payments this quarter, up 150% YoY, proving once again thatRead More
How did mobile payments do on Black Friday? To look at the Top 20 free financial apps for the two dominant smartphone platforms, you’d think everyone was using mobile payments to do their holiday shopping. On Google Play, the Android Pay app continued its steady climb up the rankings toRead More
On Monday, PayPal will once again be an independent company. And as it gears up for its big day, the social person-to-person payments service Venmo is the best thing PayPal has going for it. While PayPal grew a modest 27% in transactions last quarter, Venmo is growing nearly 10 times asRead More
You lose one, then you gain one. The Daily Fintech Index has lost Xoom (acquired July 7) and gained PayPal (who acquired XOOM) via their “IPO”. I put “IPO” in quotes because this is a spin off and searches for PayPal IPO bring up the original one in 2002. LendingClubRead More
Did PayPay pay too much for Xoom yesterday? The purchase price of $890 million put a 25% premium on Xoom’s stock price, which has been on a torrid climb since April. That’s $890 million for a company that lost money last quarter. So why would PayPal give Xoom shareholders soRead More
Value Payment Systems, a Nashville, Tenn.-based e-payments company, topped all financial services companies in Inc.com’s 2013 survey of the 5000 fastest growing companies in the United States. It was ranked #7 overall. The company posted a three-year growth figure of 17,400% — not too shabby — and annual revenue ofRead More