The recent Flipkart-FX Mart partnership is reminiscent of the relationship between Chinese e-commerce giant Alibaba and Alipay, a third party payment platform.
eBay will not be the same without PayPal and most analysts agree they have an uphill battle long-term due to intense competition. However, eBay is expected to divest its Enterprise business in a deal valued at $925 million, according to Forbes.
eBay’s PayPal racked up an 11.1% gain in year-on-year (YOY) accounts to 169 million. PayPal, a force to be reckoned with as it jettisons from eBay this year, is going to be a wrecking ball to the payments industry.
eBay’s board of directors has approved the completion of the previously announced separation of eBay and PayPal into independent publicly traded companies. Subject to the satisfaction of the conditions to the distribution, the distribution of PayPal common stock is expected to occur on July 17.
In today’s CardFlash News Que: USAA (Android Pay); EBAY (COO); GOTRUST (NIST): and EGIFTER (Amilon).
Pierre Omidya who founded eBay as a sole proprietorship in September 1995 remains on eBay’s Board following their divorce with PayPal. He has been a director and Chairman of the Board since eBay’s incorporation in May 1996.
eBay’s PayPal net total payment volume (TPV) for the first quarter grew 18% year-on-year (YOY) to $61.4 billion. PayPal gained 3.7 million new active registered accounts to end the quarter at 165.2 million, up 11%
eBay continues to rejigger the upstair suits as it prepares for the separation of eBay and PayPal into independent publicly traded companies in the second half of 2015.
eBay’s PayPal net total payment volume (TPV) for the fourth quarter grew 24% to $64.3 billion. PayPal gained 4.6 million new active registered accounts to end the quarter at 161.5 million, up 13%.
eBay’s PayPal net total payment volume (TPV) grew 29% with Merchant Services volume up 37% and on-eBay volume up 9%. Revenue grew to $2.0 billion.
One week after announcing it will become a separate company and hiring a big gun from American Express to be CEO, PayPal is feeling the heat from the emergence of Apple Pay. This morning PayPal is encouraging its 152 million active registered accounts to download a NFC App to turn their mobile phone into a payment device.
Visa and MasterCard are both adopting “tokenization” which replaces cardholder information such as account numbers and expiration dates with a unique series of numbers that validates the customer’s identity.