Tag

Payment Services

All articles tagged with #payment services

business2 years ago•1 min saved

Amazon Removes Venmo as Payment Option, PayPal Shares Slide

Amazon is discontinuing the use of PayPal's Venmo payment service for purchases on its platform, just over a year after introducing the option. Venmo can no longer be added as a payment method in Amazon wallets, and existing users will no longer be able to use it after January 10. The decision comes as PayPal and Amazon's partnership failed to gain traction, with consumers not adopting Venmo as their preferred checkout method. PayPal shares slipped 1.8% following the news.

via Yahoo Finance|

#amazon #business #e-commerce

cryptocurrency2 years ago•2 min saved

Ripple and Coinbase Secure Singapore Licenses for Crypto Expansion

Ripple has obtained a full payments institution license in Singapore, allowing the cryptocurrency company to expand its presence in the Asia-Pacific region. This comes after receiving initial approval in June. With the license, Ripple will continue to offer regulated crypto payment services in Singapore, prioritizing the region for adoption of its services. Singapore has been at the forefront of crypto regulation in the region, and Ripple's CEO praised the country's leadership in fostering innovation and responsible growth. This development contrasts with Ripple's ongoing legal battles with the SEC in the United States. Coinbase also recently obtained a payment institution license in Singapore.

via CNBC|

#asia-pacific #cryptocurrency #payment-services

finance2 years ago•2 min saved

Nuvei's Stock Plummets Amidst Short-Seller Reports and Ties with FTX

Nuvei Corp's shares slipped after short seller Spruce Point Capital Management published a negative report, questioning the Canadian payment firm's financial transparency, links with failed crypto platform FTX, and recent acquisition of Paya Holdings. Spruce Point, which is short the stock, cited the potential for a 35% to 50% drop in value. This comes after Hollywood actor Ryan Reynolds announced he's an investor in Nuvei, but Spruce Point's founder questioned whether any money exchanged hands or if Reynolds was instead given restricted stock in return for his work.

via Yahoo Finance|

#finance #financial-transparency #nuvei-corp