Recent events
Recent events tied to this brand in public sources.
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2019
Synchrony and PayPal expand and extend consumer credit relationship
Synchrony Financial announced that it expanded and extended its strategic consumer credit relationship with PayPal. Synchrony is to become the exclusive issuer of a Venmo co-branded consumer credit card, which was expected to launch in the second half of 2020.
2019
PayPal and Lenmo settle trademark dispute
PayPal and Lenmo reached a settlement agreement in a trademark dispute. PayPal had sued Lenmo in July 2019 over the name’s alleged similarity to Venmo.
2019
PayPal India launches “Ab Diwali 365 days wali” campaign
PayPal India launched its “Ab Diwali 365 days wali” marketing campaign, a digital-led campaign running across platforms and targeting global Indians.
2019
PayPal withdraws from the Libra Association
PayPal, a founding member of the Libra Association, became the first participant to withdraw from the association.
2019
PayPal withdraws from the Libra project
PayPal announced that it was withdrawing from the digital-currency project led by Facebook, ending its participation in the Libra Association.
2019
China approves PayPal’s acquisition of a stake in GoPay
The People’s Bank of China approved PayPal’s acquisition of a 70% equity stake in GoPay, enabling PayPal to provide online payment services in China.
2019
PayPal completes acquisition of 70% of GoPay
PayPal, through its subsidiary, acquired a 70% stake in GoPay after the People's Bank of China approved the equity change, becoming GoPay's actual controller and entering China's payment services market.
2019
PayPal acquires a 70% stake in Guofubao
PayPal acquired a 70% stake in Guofubao through its subsidiary, became Guofubao’s actual controller, and entered China’s payment-services market.
2019
PayPal enters China’s domestic payment market
PayPal entered China’s domestic payment market by acquiring the Chinese payment institution GoPay.
2019
CMA fines PayPal over breach of iZettle acquisition order
The UK's Competition and Markets Authority fined PayPal £250,000, saying it breached an enforcement order by cross-promoting iZettle to customers in Europe, including potential customers in the UK. PayPal said it disagreed with the CMA's conclusions and that the alleged infractions were not intentional.
2019
Australian AML investigation into PayPal
Australia’s financial intelligence agency appointed an external auditor to examine whether PayPal complied with local anti-money-laundering and counter-terrorism financing laws. The agency was awaiting the audit report and would decide afterward whether to take legal action; sources reported that potentially up to 300 million transactions may have breached the laws.
2015
UNCLE Credit Union launches Send Money
UNCLE Credit Union launched Send Money, a money transfer service powered by PayPal that lets members transfer funds from their checking accounts to another person or merchant using the credit union’s mobile app.