Photo: Financial Express
Indonesia Blocks Yahoo, Paypal For Failing To Comply With License Rules
Indonesia barred search engine Yahoo, payments provider Paypal, and other gaming websites for failing to comply with license restrictions on July 30. Registration is necessary under guidelines issued in late November 2020, which provide authorities powers to force platforms to divulge data of specific users and remove information considered criminal. Several tech businesses hurried to register in the days preceding the deadline, which had… read-more
Tags: Yahoo, Paypal, Indonesia, License Rules, Social Media
Courtesy: Gadgets 360
Photo: Yahoo
PayPal Holdings Inc Made $45 Billion Offer To Acquire Pinterest
PayPal Holdings Inc has made a $45 billion approach for buying digital social media company Pinterest Inc. Pinterest has been offered $70 per share, primarily in stock, by PayPal. By the time it announces quarterly profits on November 8, the online payments platform aims to have successfully negotiated and announced a contract. Sources claim, that the current discussion is secret and discreet.
Tags: Paypal, pinterest, Stocks, Social Media, payment app
Courtesy: Outlook India
Photo: Dawn
PayPal Fined Rs 96 Lakh For Breaching Financial Norms
The Financial Intelligence Unit has levied a penalty of Rs 96 lakh on the online payment application PayPal for breaching India's anti-money laundering laws. Reportedly, PayPal has been charged for "concealing" irregular financial transactions and encouraging the "disintegration" of the financial system. The US-based firm confirmed that it is reviewing the issue. Moreover, the firm was accused of "defeating and frustrating" public interest… read-more
Tags: Paypal, Online Payment, FUI, MONEY LAUNDERING
Courtesy: LiveMint
Photo: Paypal
PayPal Enters Cryptocurrency Market, To Allow Transactions From 2021
US-based payment processing company, PayPal, on October 21 announced its entry into the cryptocurrency market. The company stated that using its online wallets, customers can purchase and sell bitcoins, which can be used for other transactions from early 2021. Reportedly, PayPal has also received a conditional cryptocurrency licence from the US authorities. The company's CEO believed that it can play an important role in the "digital-currency… read-more
Tags: Cryptocurrency, Bitcoins, Paypal, Digital Currency
Courtesy: Reuters
