Paypal to open major office in London landmark Property Electronic payments giant Paypal has signed up to become the first occupier of a redeveloped office building on London’s Southbank. Paypal has agreed a lease for 40,000 sqft on the top floor of the building, a newly revamped Grade II-listed structure next to the National Theatre. Overall, the building will provide another 300,000 sqft of [...]
Enhanced Games: Trump invests in ‘doped Olympics’ Sport Business The Enhanced Games, a drug inclusive alternative to the Olympics, has bagged Trump family funding as 1789 Capital leads a new funding round. The venture fund is led by investment bank Farvahar Partners CEO Omeed Malik, vice president JD Vance ally Christopher Buskirk – they co-founded The Rockbridge Network together – and the 47th President’s [...]
FCA and UK payments regulator launch inquiry into ‘risks’ of Paypal, Apple and Google Pay Banking It follows previous work by the PSR on contactless mobile payments and the FCA’s examination of big tech’s role in financial services.
Lopay: SumUp rival eyes profitability this year ahead of Europe and US expansion June 18, 2024 London payments start-up Lopay expects to hit profitability in 2024, less than three years after launching, ahead of taking its challenge to bigger rivals like SumUp to new markets in Europe and North America.
PayPal co-founder Peter Thiel and former Coinbase figure invest in the Enhanced Games, a drug friendly Olympics alternative January 30, 2024 The billionaire co-founder of PayPal Peter Thiel has invested in the drug friendly alternative to the Olympics, the Enhanced Games. The Enhanced Games has promised the freedom to use banned substances that are not allowed in much of elite sport. The brainchild of London-based lawyer Aron D’Souza, the Enhanced Games have announced the closing of [...]
Buy-now pay-later firms welcome Labour call to regulate amid Treasury delays November 7, 2023 Buy now pay later (BNPL) firms have welcomed calls from Labour to regulate services such as Klarna in the same way as credit cards.
FCA rebukes Paypal over ‘unfair’ BNPL terms as sector braces for clampdown October 31, 2023 The Financial Conduct Authority said it has forced a number of buy-now-pay-later firms to change “potentially unfair and unclear” terms in their contracts today as it tightens the screws on firms before formally bringing the sector within its remit.
PayPal freezes all services in Russia following Ukraine invasion March 5, 2022 PayPal is set to shutter all its services in Russia, according to its chief executive today, as the payments giant becomes the latest business to exit the country following its invasion of Ukraine. “Under the current circumstances, we are suspending PayPal services in Russia,” chief executive Dan Schulman said on Saturday. “PayPal supports the Ukrainian [...]
PayPal denies Pinterest acquisition rumours October 25, 2021 PayPal announced it will not be pursuing an acquisition of Pinterest following reports that it was planning to buy the pinboard site for $45 billion.
Primer rides the online payments wave to a $425m valuation after latest raise October 19, 2021 London-founded Primer is only 20 months old, but investors recognise that it’s solving a big problem for e-commerce merchants at a crucial time, and just injected $50m into the startup at its Series B fundraising round. US investment firm ICONIQ Growth led the latest round, accompanied by cash injections from existing investors including Balderton Capital, [...]