PayPal Holdings, Inc. - PYPL STOCK NEWS

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.

BANXA Holdings has partnered with WonderFi Technologies to develop local, secure payment tools aimed at enhancing user access to digital assets. This initiative leverages Ethereum, Polygon, and Bitcoin blockchains, focusing on markets including Australia, Brazil, EU, UK, and the US. The collaboration will enable WonderFi customers to use local payment options, improving conversion rates and compliance across various regions. The partnership aims to foster a more seamless and secure experience for users engaging with cryptocurrencies.

The city of Clearwater has partnered with InvoiceCloud, a solution by EngageSmart (NYSE: ESMT), to enhance its online bill payment services, launched on May 31. This new platform allows over 118,000 residents to pay utility bills easily via various secure methods, including PayPal (NASDAQ: PYPL), Apple Pay, and Google Pay. Customers can manage bills online, set up AutoPay, and receive notifications for upcoming due dates, thus improving user experience. The move aims to simplify bill payments and bolster customer engagement.