PayPal Holdings, Inc. - PYPL STOCK NEWS

PayPal (PYPL) reported strong Q3 2024 results with net revenues increasing 6% to $7.8 billion. Total payment volume grew 9% to $422.6 billion, while transaction margin dollars rose 8% to $3.7 billion. GAAP operating income increased 19% to $1.4 billion, with operating margin expanding 198 basis points to 17.7%. GAAP EPS increased 6% to $0.99, while non-GAAP EPS grew 22% to $1.20. Active accounts increased 0.9% to 432 million. The company returned $1.8 billion to stockholders through share repurchases and raised its full-year non-GAAP guidance.

PayPal (NASDAQ: PYPL) has announced an expanded partnership with Global Payments to enhance checkout experiences. The collaboration will enable Global Payments' U.S. merchants to offer PayPal and Venmo branded checkout solutions along with Fastlane by PayPal. The partnership, building on their 15-year relationship, aims to streamline the checkout process. Fastlane enables one-click purchases and has shown nearly 50% higher checkout conversion rates compared to traditional guest checkout flows, while reducing checkout time by over 28% for card payments.

Aleph, a global digital marketing ecosystem, has acquired a controlling equity interest in Localpayment, a fast-growing Payment Service Provider in Latin America. This acquisition combines Aleph's digital advertising expertise with Localpayment's payment processing capabilities, targeting the $1.4 Trillion digital payments market in LATAM by 2028.

Key highlights:

• Localpayment, now rebranded as Localpayment by Aleph, offers integration via a single API in 17 Latin American countries
• Supports 640+ local payment methods
• Combined impact: $3+ billion Total Payment Volume (TPV), 60+ top-tier platforms, 26,000+ advertisers
• Presence in 130+ countries, supporting 70+ currencies

This strategic move allows Aleph to offer an integrated approach to payments and media, creating cost efficiencies and operational savings for clients in industries such as streaming, e-commerce, and digital media.

Advent International, a leading global private equity firm, has appointed Carmine Di Sibio, former EY Global Chairman and CEO, as an Operating Partner. Di Sibio will help identify, source, and execute new deals in the business and financial services sector, working closely with Advent's team and current portfolio.

Di Sibio's nearly four-decade career at EY saw him rise from auditor to Global Chairman and CEO, where he led significant transformations focusing on digital innovation, sustainability, and geographic expansion. Under his leadership, EY invested over US$10 billion in technology, solutions, and people, achieving revenues of US$50 billion and a global workforce of 400,000.

Advent has been investing in the business and financial services sector for over 30 years, completing over 88 investments worldwide. The firm focuses on financial services providers and B2B players with technology at their core, seeking growth underpinned by robust macro trends, resilient business models, and transformational opportunities.

PayPal Holdings, Inc. (NASDAQ: PYPL) has announced that U.S. merchants can now buy, hold, and sell cryptocurrency directly from their PayPal business accounts. This functionality will not be available in New York State at launch. Additionally, PayPal is enabling U.S. merchants to externally transfer cryptocurrency on chain to third-party eligible wallets.

This move is part of PayPal's ongoing efforts to increase cryptocurrency's utility. The company has previously introduced cryptocurrency capabilities for consumers on PayPal and Venmo, launched the PayPal USD (PYUSD) stablecoin, enabled PYUSD as a fee-free funding instrument for Xoom transfers, and made PYUSD available on the Solana blockchain.

PayPal (NASDAQ: PYPL) has launched its largest U.S. ad campaign to date, featuring comedy legend Will Ferrell and a reimagined version of Fleetwood Mac's "Everywhere". The campaign, debuting on September 9, 2024, during the first televised football game of the year, aims to showcase how consumers can shop and earn rewards with PayPal, both in-store and online.

The ad highlights the PayPal Debit Mastercard, which offers a new 5% cash back rewards program. The campaign also introduces a bold new visual look for PayPal and will be promoted across various media channels, including out-of-home, digital media, streaming, radio, podcasts, and social media.

PayPal (NASDAQ: PYPL) has launched 'PayPal Everywhere', a new initiative to enhance customer experience both in-store and online. The program offers rich rewards, including 5% cash back on selected monthly spending categories up to $1,000, and stackable cash back offers from top brands. Key features include:

1. Auto-reload option for balance management
2. Integration with Apple Wallet for Apple Pay
3. Tap-to-pay functionality for in-store purchases
4. Enhanced security for online transactions

This move aims to transform PayPal into a comprehensive solution for all types of customers, emphasizing simplicity, rewards, and security across all shopping channels.

PayPal Holdings, Inc. (NASDAQ: PYPL) has expanded its strategic partnership with Fiserv, Inc. (NYSE: FI) to streamline checkout experiences in the U.S. This expansion simplifies how Fiserv's merchant clients enable PayPal, Venmo, and related services, providing a simple connection point to Fastlane by PayPal for accelerated guest checkout flows.

The partnership, spanning over a decade, covers various merchant and payment functions across millions of merchants globally. Fastlane, PayPal's innovative checkout solution, allows users to complete purchases in as little as one click. It has shown impressive results, with guest shoppers using Fastlane converting over 80% of the time, achieving up to 50% higher conversion rates, and reducing checkout time by 32% compared to non-Fastlane users.

PayPal has expanded its strategic partnership with Adyen, offering Fastlane by PayPal to Adyen's enterprise and marketplace customers in the U.S., with plans for global expansion. This collaboration aims to improve consumer shopping experiences and enhance conversion rates for businesses using Adyen's platform.

Fastlane by PayPal is a new guest checkout experience that improves conversion rates by over 80% and reduces checkout time by 32% compared to traditional methods. It allows shoppers to save payment and shipping information for quicker future purchases across participating merchants.

This partnership aligns with PayPal's goal of global availability and strengthens Adyen's ability to provide seamless payment flows. The companies will continue to explore solutions to enhance consumer journeys and drive value for enterprise businesses.