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PayPal Expands Partnership with Facebook Messenger, Introduces P2P Payments

Bank Innovation

PayPal is continuing to drive forward with mobile and digital payments, announcing an expansion of its partnership with social media service Facebook that will allow users to send and request money with PayPal via Facebook Messenger. PayPal has 218 million. Messenger has over 1.2 billion users.

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PayPal Adds Invoice Feature to Facebook Messenger

Bank Innovation

EXCLUSIVE – The latest in PayPal’s busy week: the payments company is now letting users create an invoice through the Facebook Messenger service, expanding on its recent partnership with the social media platform to enable P2P payments through Facebook’s chat service.

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PayPal Powers Instagram Checkout

PYMNTS

Instagram has launched a checkout feature designed to help the social media platform become a more attractive place for consumers to buy retail products, and to capture more sales via what is coming to be known as contextual commerce. It’s a place to experience the pleasure of shopping versus the chore of buying,” the company said.

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FinTech Stripe Eyes Funding Round That Could Put Valuation At $100B

PYMNTS

The company competes with giants like Square and PayPal , and has benefited from the pandemic due to the increasing reliance on eCommerce as the pandemic forced people to stay away from physical spaces, and consequently resulted in more digital payments. Stripe's software is used by businesses to accept payments.

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Today In Payments: PayPal To Bring Pay Later To Venmo; Jack Ma Tells Regulators Ant Group Not A Bank

PYMNTS

In today’s top news, PayPal announced third-quarter earnings and new BNPL services, and Ant Group’s IPO has been suspended. PayPal to Bring Pay Later to Venmo. It was another quarter of record-breaking results for PayPal, which saw both record transactions and new customer enrollments in Q3. Amazon, Apple Headed for $100B Q4.

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Facebook Nominates Alford To Board As Two Other Execs Step Down

PYMNTS

Facebook has nominated PayPal executive Peggy Alford to its board, just as longtime directors Reed Hastings and Erskine Bowles prepare to step down. Last month Facebook also announced that Chris Cox, its chief product officer, was leaving the company, which some analysts believe could have a negative affect on its shares.

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PayPal Launches iZettle Food & Drink In The UK

PYMNTS

PayPal has launched its iZettle Food & Drink app, the point of sale (POS) platform for iOS to support food and drinks service in the U.K. The iZettle Food & Drink debut in PayPal promises a simplified POS solution designed to provide hospitality businesses with ways to operate and grow their business.