Paypal Holdings - PYPL STOCK NEWS

KIOXIA America has announced a collaboration with Aerospike to enhance the Aerospike Community Edition database, achieving a 36% increase in application performance. This enhancement utilized KIOXIA's FL6 Series NVMe Storage Class Memory (SCM) SSDs, demonstrating significant improvements in application efficiency. The FL6 drives are mass-produced, capable of 60 DWPD endurance, and available in capacities up to 3,200 GB. This partnership highlights KIOXIA's commitment to creating innovative storage solutions that improve performance for latency-sensitive applications.

Balance, a leader in B2B eCommerce payments, announced a successful $56 million Series B funding round, raising its total funding to $87 million. The funding, led by Forerunner Ventures, aims to enhance its platform for B2B merchants, enabling them to increase digital revenue. Balance has supported hundreds of B2B merchants since its launch in February 2021, achieving a 10x growth in its customer base. The company is poised to capitalize on the $120 trillion B2B payment market, which currently has only 7% of transactions conducted online.

PayPal Holdings, Inc. (NASDAQ: PYPL) announced the grant of equity awards to new employees under its 2022 Inducement Equity Incentive Plan, approved by the Compensation Committee in June 2022. This plan aims to attract talent by providing equity incentives, enhancing employee commitment and productivity. PayPal continues to leverage technology to support over 429 million consumers and merchants globally, strengthening its position in the digital payment sector.

The Digital Commerce Alliance recognizes twenty leading female executives in digital commerce for their innovation and leadership. This annual selection showcases senior leaders from diverse sectors including fintech, retailing, and banking, highlighting their contributions to the industry. Among the honorees is Peggy Marie Alford, Executive Vice President of Global Sales at Paypal. Dan Currell, CEO of DCA, emphasizes the significant impact of women in driving digital commerce innovation. This marks the fourth year of celebrating women's achievements in this field.

Plynk announced the launch of Plynk Crypto, enabling new investors to trade and hold cryptocurrencies like Bitcoin, Ethereum, Litecoin, and Bitcoin Cash through Paxos. This initiative caters to novice investors keen on learning about crypto trading amid rising interest in digital assets. Plynk aims to demystify cryptocurrency with educational resources, positioning itself uniquely in the market. Educational articles on crypto basics have also been introduced to further assist users. The app is available for download on both iOS and Android, promoting accessible investing.

InvoiceCloud, a solution from EngageSmart (NYSE: ESMT), has significantly increased electronic payment adoption in the City of Escondido by 62% since its implementation in 2018. The platform simplifies utility bill payments through digital wallets, PayPal (NASDAQ: PYPL), and other methods, enhancing customer convenience. After integration, payment-related customer service calls dropped by 69%, allowing staff to focus on other priorities. Additionally, paperless billing enrollment rose by 83%, saving the city $23,000 annually in print and mail costs.

PayPal Holdings Inc. launched the PayPal Business Cashback Mastercard, a no-annual-fee business credit card offering 2% cashback on all purchases with no earning limits. This card aims to support small business owners by providing immediate access to their credit limit via a virtual card linked to their PayPal account. Developed with WebBank and Mastercard, it includes features such as competitive APR (13.99%-29.99%), free employee cards, and enhanced security protections. The card meets the financing needs of small businesses recovering from recent economic challenges.

PayPal Holdings (NASDAQ: PYPL) has launched a new monthly payment option called Pay Monthly, enhancing its 'Buy Now Pay Later' suite. This service allows U.S. customers to spread large purchases ($199 – $10,000) into monthly payments over 6 to 24 months, with no late fees. Customers can apply for the plan at checkout and select from up to three personalized repayment options with APR ranging from 0% to 29.99%. The move aims to meet the growing demand for flexible payment methods, supported by the increasing number of consumers budgeting for significant expenses.