PayPal Holdings, Inc. - PYPL STOCK NEWS

PayPal Holdings announced on November 15, 2022, the granting of equity awards to new employees under its 2022 Inducement Equity Incentive Plan. These awards were approved by PayPal's Compensation Committee, aiming to attract and retain talent within the company. This initiative is part of PayPal's broader strategy to maintain its leadership in the digital payment industry, serving over 430 million users globally.

PayPal Holdings, Inc. (NASDAQ: PYPL) announced its third quarter 2022 results for the period ending September 30, 2022. The results highlight the company's ongoing commitment to digital payment solutions, serving over 430 million users worldwide. A conference call to discuss these results will take place today at 2:30 p.m. Pacific Time, with a live webcast available on their investor relations site. Investors can find detailed earnings information and supplementary materials on their official website.

PayPal has awarded the second annual Maggie Lena Walker Award to women empowering underserved communities. Recipients receive up to $50,000, mentorship, and recognition for enhancing economic independence among Black entrepreneurs. Awardees like Connie Evans from AEO are pivotal in closing the racial wealth gap, supported by PayPal's previous commitment of $535 million to uplift Black businesses. The award highlights PayPal's focus on financial inclusion and showcases the resilience of businesses recovering from the pandemic.

According to a new report by Happy Returns, a PayPal company, consumers prefer in-person, box-free returns over mail-in options for online purchases. The report highlights that over 40% of consumers would rather face rush hour traffic than return items by mail. With nearly 50% planning to return holiday gifts, 87% value free returns when shopping. Economic pressures are increasing return rates, with 79% avoiding mail returns. Happy Returns offers over 5,000 locations for easy returns, potentially saving merchants up to 40% in shipping costs.

Akili, Inc. announced the appointment of Mary Hentges to its board of directors, effective October 25, 2022. Hentges, former CFO at PayPal and CBS Interactive, will chair the Audit Committee and serve on the Compensation Committee. Her extensive experience in high-growth companies is expected to support Akili's growth strategy, particularly with the commercialization of its flagship product, EndeavorRx. Co-founder Eddie Martucci emphasized Hentges' leadership as crucial for establishing prescription digital therapeutics in clinical care.

On October 24, 2022, in San Jose, California, PayPal announced the introduction of passkeys, a new secure login method for users, aligning with FIDO Alliance standards. Designed to replace traditional passwords, passkeys enhance security and user experience by eliminating login friction and reducing the risk of password-related hacks. Initially available for iPhone, iPad, and Mac users, the rollout will expand to more platforms by early 2023. The initiative aims to streamline online purchases, addressing concerns like password abandonment during checkout.

PayPal Holdings, Inc. (NASDAQ: PYPL) announced the granting of equity awards to new employees on October 15, 2022, under its 2022 Inducement Equity Incentive Plan. These awards were approved by the Compensation Committee of the Board of Directors. The initiative aims to incentivize and retain talent within the company as it continues to lead in the digital payment sector, serving 429 million consumers and merchants globally.

Visa partners with Thunes to enable cross-border send-to-wallet services for small businesses and consumers. The collaboration allows transfers to 78 digital wallet providers, reaching 1.5 billion wallets across 44 countries. Visa Direct now connects to nearly 7 billion endpoints, facilitating greater financial inclusion, particularly for unbanked individuals in emerging markets. The partnership enhances access to financial services, supporting transactions across Africa, Asia, and Latin America, as digital wallets become increasingly popular.

PayPal has launched PayPal Rewards, a new rewards program for US consumers, allowing them to earn points towards cash back through various merchant offers and discounts. The program integrates PayPal's existing cash back and shopping products into one platform, enhancing customer experience as they prep for the upcoming holiday shopping season. With 25% of consumers prioritizing loyalty programs, PayPal Rewards aims to attract more users, building on the nearly $200 million saved by consumers through PayPal's previous offerings this year.