PayPal and Mastercard Expand Debit Card Offering to More European Businesses

- Today, PayPal (Nasdaq: PYPL) and Mastercard (NYSE: MA) announced that they are continuing the global expansion of the popular PayPal Business Debit Mastercard. The debit card makes it easier for small businesses to have instant access to their PayPal funds and gives them unlimited 0.5% cash back 1 on all their eligible spending.

The PayPal Business Debit Mastercard is now available in five new European countries - Austria , France , Ireland , Italy and Spain - in addition to its existing availability in Germany , the United Kingdom and United States .

Mastercard is the one of the most widely accepted cards in the world, meaning PayPal's business customers can now spend money held in their PayPal account at over 52 million Mastercard acceptance locations worldwide ^² . The debit card has no monthly fees, no foreign exchange fees and a flat ATM withdrawal charge of just €2 worldwide.

With its cash back program, PayPal pays out over $45million USD to business owners every year. The COVID-19 pandemic has challenged even the most financially sound small businesses and the expanded availability of the PayPal Business Debit Mastercard comes at a time where business owners around the globe need access to funds more than ever. As businesses begin to reopen, conveniently being able to purchase products and services and getting rewarded with extra cash will be vital for their survival.

In the UK and Germany , the PayPal Business Debit Mastercard is most often used for purchasing digital marketing services and retail goods for inventory and supplies, whilst in the US, the card is most commonly used to purchase business services and everyday essentials like petroleum and cellular phone bills.

"Each day that goes by when small businesses don't receive the revenues and support that they need, the risk of bankruptcies increase. As an industry, we must make it as easy as possible for small businesses to get access to their funds fast, and our global expansion of the PayPal Business Debit Mastercard does just that", says Jacob de Geer , Vice President of Small Business Products & iZettle, PayPal.

David Dechamps , Senior Vice President, Digital Partnerships at Mastercard Europe noted: "Supporting small businesses is an indispensable part of the economic recovery. To that end, we want to make it as simple and convenient as possible for businesses to access their funds. At Mastercard we are delighted to be PayPal's partner of choice for issuing debit cards to their business customers."

The PayPal Business Debit Mastercard was first launched in the US in 2003, providing a cashback reward whenever it was used. Since then, PayPal has chosen to work with Mastercard to expand its business debit card offering to Germany and the United Kingdom , and now further to Austria , France , Ireland , Italy , and Spain . For more information on the PayPal Business Debit Mastercard, and how to request one, please visit https://www.paypal.com/us/businessdebit

Notes to Editors
The key features of the PayPal Business Debit Mastercard include:

Instant access to PayPal funds for all business spending: Business owners can use their PayPal funds wherever Mastercard is accepted both online and in-person.
Unlimited and uncapped cash back: PayPal business customers will receive 0.5% cash back on all eligible purchases made with the card with no caps or limits.
No foreign exchange fees: PayPal business customers will benefit from no foreign exchange fees for international online or in-person purchases to help their business run better across borders
Flat €2 fee for ATM withdrawals anywhere in the world: Business owners can access cash worldwide 24 hours a day, seven days a week, with a flat fee of €2 for ATM withdrawals.
No monthly fees: The PayPal Business Debit Mastercard is free with no monthly fees for all business customers.

About PayPal
PayPal has remained at the forefront of the digital payment revolution for more than 20 years. By leveraging technology to make financial services and commerce more convenient, affordable, and secure, the PayPal platform is empowering more than 300 million consumer and merchant accounts in more than 200 markets to join and thrive in the global economy. For more information, visit paypal.com .

About Mastercard (NYSE: MA), www.mastercard.com Mastercard is a global technology company in the payments industry. Our mission is to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments and businesses realize their greatest potential. Our decency quotient, or DQ, drives our culture and everything we do inside and outside of our company. With connections across more than 210 countries and territories, we are building a sustainable world that unlocks priceless possibilities for all.

Follow us on Twitter @MastercardEU @MastercardNews , join the discussion on the Beyond the Transaction Blog and subscribe for the latest news on the Engagement Bureau

PayPal contacts
Miandersson@paypal.com
jogallo@paypal.com

Mastercard contacts
Rose.Beaumont@mastercard.com
Aylin.Fastenau@mastercard.com

^¹ Cash back may vary per country.
^² The 2019 Nilson Report

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SOURCE PayPal, Inc.

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PayPal PYPL Fintech Investing

Real Matters to Hold Virtual Annual General Meeting on February 8, 2024

Real Matters Inc. ("Real Matters"), a leading network management services provider for the mortgage lending and insurance industries, will be holding its Annual General Meeting (the "Meeting") on Thursday, February 8, 2024 at 10:00 a.m. (Eastern Standard Time). The Meeting will be conducted online only, via audio webcast at: www.virtualshareholdermeeting.com/realmatters2024 .

Registered and non-registered shareholders entitled to vote at the Meeting may vote by proxy in advance of the Meeting. However, only registered shareholders and duly appointed proxyholders (including non-registered shareholders who have duly appointed themselves as proxyholder) will be entitled to vote at the Meeting during the live audio webcast. Non-registered shareholders who have not duly appointed themselves as proxyholders will be able to attend the Meeting and ask questions, but will not be able to vote. Guests will be able to attend the Meeting but will not be able to submit questions, vote their shares (if any) or otherwise participate in the Meeting. Please note that registered shareholders will need the 16-digit control number indicated on the form of proxy accompanying their Notice of Meeting to log on to the Meeting as a "Shareholder". Duly appointed proxyholders will need the Appointee Name and 8-character Appointee Identification Number to log on to the Meeting as a "Proxyholder / Appointee". Otherwise, shareholders or duly appointed proxyholders, as applicable, will have to log on as "Guests". Please refer to the Company's Management Information Circular in the Investor Relations section of our website for additional details on how to log on to the Meeting.

News Provided by Business Wire via QuoteMedia

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(millions of dollars)		Quarter ended
		2024			2023			2023			2023			2023		% Change
		Q1			Q4			Q3			Q2			Q1		Quarter over Quarter		Year over Year
Consolidated
Revenue	$	35.4		$	42.2		$	46.0		$	37.6		$	38.2		-16	%	-7	%
Net Revenue ^(A)	$	9.7		$	11.2		$	12.1		$	9.9		$	9.8		-13	%	-1	%
Adjusted EBITDA ^(A)	$	(1.1	)	$	0.6		$	1.7		$	(1.7	)	$	(2.9	)	-280	%	64	%
Net (loss) income	$	(3.6	)	$	1.6		$	(0.6	)	$	(2.6	)	$	(4.6	)	-322	%	22	%
Net (loss) income per diluted share	$	(0.05	)	$	0.02		$	(0.01	)	$	(0.04	)	$	(0.06	)	-350	%	17	%
Adjusted Net (loss) income ^(A)	$	(1.2	)	$	0.8		$	1.0		$	(1.9	)	$	(2.1	)	-241	%	43	%
Adjusted Net (loss) income ^(A) per diluted share	$	(0.02	)	$	0.01		$	0.01		$	(0.03	)	$	(0.03	)	-300	%	33	%

U.S. Appraisal segment
Revenue	$	26.8		$	31.2		$	33.5		$	28.0		$	28.3		-14	%	-5	%
Net Revenue ^(A)	$	7.5		$	8.6		$	9.2		$	7.7		$	7.6		-13	%	-2	%
Net Revenue ^(A) margin		27.9	%		27.5	%		27.5	%		27.6	%		27.0	%
Adjusted EBITDA ^(A)	$	2.7		$	3.9		$	4.8		$	3.1		$	2.3		-32	%	16	%
Adjusted EBITDA ^(A) margin		35.8	%		46.0	%		52.0	%		40.6	%		30.4	%

U.S. Title segment
Revenue	$	2.0		$	2.3		$	2.6		$	2.2		$	2.4		-13	%	-14	%
Net Revenue ^(A)	$	1.0			1.0		$	1.2			0.8		$	0.8		-8	%	18	%
Net Revenue ^(A) margin		47.3	%		45.0	%		45.2	%		36.8	%		34.7	%
Adjusted EBITDA ^(A)	$	(1.6	)	$	(1.6	)	$	(1.6	)	$	(2.3	)	$	(2.9	)	-2	%	44	%
Adjusted EBITDA ^(A) margin		-167.9	%		-150.4	%		-133.6	%		-279.3	%		-353.4	%

Canadian segment
Revenue	$	6.6		$	8.7		$	9.9		$	7.4		$	7.5		-24	%	-12	%
Net Revenue ^(A)	$	1.2		$	1.6		$	1.7		$	1.4		$	1.4		-20	%	-8	%
Net Revenue ^(A) margin		18.8	%		17.9	%		17.6	%		18.7	%		17.9	%
Adjusted EBITDA ^(A)	$	0.7		$	1.2		$	1.3		$	1.0		$	0.9		-38	%	-19	%
Adjusted EBITDA ^(A) margin		56.8	%		72.9	%		73.7	%		69.8	%		64.2	%

Corporate segment
Adjusted EBITDA ^(A)	$	(2.9	)	$	(2.9	)	$	(2.8	)	$	(3.5	)	$	(3.2	)	2	%	9	%

								Quarter ended
		Q1 2024			Q4 2023			Q3 2023			Q2 2023			Q1 2023

Net (loss) income	$	(3.6	)	$	1.6		$	(0.6	)	$	(2.6	)	$	(4.6	)
Operating expenses		11.6			10.9			10.7			11.9			13.2
Amortization		0.8			0.9			1.0			1.0			1.0
Restructuring expenses		-			-			-			0.4			1.3
Interest expense		0.1			0.1			0.1			0.1			0.1
Interest income		(0.4	)		(0.3	)		(0.2	)		(0.2	)		(0.1	)
Net foreign exchange loss (gain)		2.0			(1.8	)		1.8			0.1			1.0
Gain on fair value of derivatives		(0.2	)		(0.1	)		(0.5	)		(0.3	)		-
Income tax recovery		(0.6	)		(0.1	)		(0.2	)		(0.5	)		(2.1	)
Net Revenue	$	9.7		$	11.2		$	12.1		$	9.9		$	9.8

								Quarter ended
		Q1 2024			Q4 2023			Q3 2023			Q2 2023			Q1 2023

Net (loss) income	$	(3.6	)	$	1.6		$	(0.6	)	$	(2.6	)	$	(4.6	)
Stock-based compensation expense		0.8			0.3			0.3			0.3			0.5
Amortization		0.8			0.9			1.0			1.0			1.0
Restructuring expenses		-			-			-			0.4			1.3
Interest expense		0.1			0.1			0.1			0.1			0.1
Interest income		(0.4	)		(0.3	)		(0.2	)		(0.2	)		(0.1	)
Net foreign exchange loss (gain)		2.0			(1.8	)		1.8			0.1			1.0
Gain on fair value of derivatives		(0.2	)		(0.1	)		(0.5	)		(0.3	)		-
Income tax recovery		(0.6	)		(0.1	)		(0.2	)		(0.5	)		(2.1	)
Adjusted EBITDA	$	(1.1	)	$	0.6		$	1.7		$	(1.7	)	$	(2.9	)

								Quarter ended
		Q1 2024			Q4 2023			Q3 2023			Q2 2023			Q1 2023

Net (loss) income	$	(3.6	)	$	1.6		$	(0.6	)	$	(2.6	)	$	(4.6	)
Stock-based compensation expense		0.8			0.3			0.3			0.3			0.5
Amortization of intangibles		0.4			0.4			0.4			0.4			0.4
Restructuring expenses		-			-			-			0.4			1.3
Net foreign exchange loss (gain)		2.0			(1.8	)		1.8			0.1			1.0
Gain on fair value of derivatives		(0.2	)		(0.1	)		(0.5	)		(0.3	)		-
Related tax effects		(0.6	)		0.4			(0.4	)		(0.2	)		(0.7	)
Adjusted Net (Loss) Income	$	(1.2	)	$	0.8		$	1.0		$	(1.9	)	$	(2.1	)

(millions of dollars)		Quarter ended																	Year ended							%
		2023			2023			2023			2023			2022		% Change					2023			2022		Change
		Q4			Q3			Q2			Q1			Q4		Quarter over Quarter	Year over Year			September 30			September 30			Year over Year
Consolidated
Revenue	$	42.2		$	46.0		$	37.6		$	38.2		$	58.2		-8%	-28	%		$	163.9		$	339.6		-52	%
Net Revenue ^(A)	$	11.2		$	12.1		$	9.9		$	9.8		$	14.4		-8%	-22	%		$	43.0		$	85.4		-50	%
Adjusted EBITDA ^(A)	$	0.6		$	1.7		$	(1.7	)	$	(2.9	)	$	(1.1	)	-64%	153	%		$	(2.4	)	$	7.4		-132	%
Net income (loss)	$	1.6		$	(0.6	)	$	(2.6	)	$	(4.6	)	$	(10.0	)	362%	116	%		$	(6.2	)	$	(9.3	)	33	%
Net income (loss) per diluted share	$	0.02		$	(0.01	)	$	(0.04	)	$	(0.06	)	$	(0.14	)	300%	114	%		$	(0.08	)	$	(0.12	)	33	%
Adjusted Net income (loss) ^(A)	$	0.8		$	1.0		$	(1.9	)	$	(2.1	)	$	-		-14%	0	%		$	(2.2	)	$	2.5		-188	%
Adjusted Net income (loss) ^(A) per diluted share	$	0.01		$	0.01		$	(0.03	)	$	(0.03	)	$	-		0%	0	%		$	(0.03	)	$	0.03		-200	%

U.S. Appraisal segment
Revenue	$	31.2		$	33.5		$	28.0		$	28.3		$	43.9		-7%	-29	%		$	120.8		$	250.9		-52	%
Net Revenue ^(A)	$	8.6		$	9.2		$	7.7		$	7.6		$	11.1		-7%	-23	%		$	33.1		$	55.5		-40	%
Net Revenue ^(A) margin		27.5	%		27.5	%		27.6	%		27.0	%		25.4	%						27.4	%		22.1	%
Adjusted EBITDA ^(A)	$	3.9		$	4.8		$	3.1		$	2.3		$	4.5		-18%	-14	%		$	14.1		$	27.0		-48	%
Adjusted EBITDA ^(A) margin		46.0	%		52.0	%		40.6	%		30.4	%		41.0	%						42.8	%		48.6	%

U.S. Title segment
Revenue	$	2.3		$	2.6		$	2.2		$	2.4		$	4.0		-11%	-41	%		$	9.6		$	36.5		-74	%
Net Revenue ^(A)	$	1.0		$	1.2		$	0.8		$	0.8		$	1.8		-11%	-40	%		$	3.9		$	23.0		-83	%
Net Revenue ^(A) margin		45.0	%		45.2	%		36.8	%		34.7	%		44.1	%						40.6	%		63.1	%
Adjusted EBITDA ^(A)	$	(1.6	)	$	(1.6	)	$	(2.3	)	$	(2.9	)	$	(2.9	)	0%	46	%		$	(8.3	)	$	(8.1	)	-3	%
Adjusted EBITDA ^(A) margin		-150.4	%		-133.6	%		-279.3	%		-353.4	%		-167.5	%						-215.6	%		-35.1	%


Canadian segment
Revenue	$	8.7		$	9.9		$	7.4		$	7.5		$	10.3		-12%	-16	%		$	33.5		$	52.2		-36	%
Net Revenue ^(A)	$	1.6		$	1.7		$	1.4		$	1.4		$	1.5		-11%	6	%		$	6.0		$	6.9		-12	%
Net Revenue ^(A) margin		17.9	%		17.6	%		18.7	%		17.9	%		14.3	%						18.0	%		13.2	%
Adjusted EBITDA ^(A)	$	1.2		$	1.3		$	1.0		$	0.9		$	1.0		-12%	18	%		$	4.2		$	4.5		-5	%
Adjusted EBITDA ^(A) margin		72.9	%		73.7	%		69.8	%		64.2	%		65.0	%						70.5	%		65.2	%

Corporate segment
Adjusted EBITDA ^(A)	$	(2.9	)	$	(2.8	)	$	(3.5	)	$	(3.2	)	$	(3.7	)	-2%	22	%		$	(12.4	)	$	(16.0	)	22	%

								Quarter ended								Year ended
		Q4 2023			Q3 2023			Q2 2023			Q1 2023			Q4 2022		September 30, 2023			September 30, 2022

Net income (loss)	$	1.6		$	(0.6	)	$	(2.6	)	$	(4.6	)	$	(10.0	)	$	(6.2	)	$	(9.3	)
Operating expenses		10.9			10.7			11.9			13.2			15.7			46.8			79.5
Amortization		0.9			1.0			1.0			1.0			1.1			3.9			4.5
Loss on disposal of property
and equipment		-			-			-			-			0.4			-			0.6
Other non-operating costs		-			-			-			-			-			-			0.1
Restructuring expenses		-			-			0.4			1.3			1.0			1.7			1.5
Impairment of goodwill		-			-			-			-			17.3			-			17.3
Interest expense		0.1			0.1			0.1			0.1			0.1			0.3			0.3
Interest income		(0.3	)		(0.2	)		(0.2	)		(0.1	)		(0.1	)		(0.8	)		(0.1	)
Net foreign exchange (gain) loss		(1.8	)		1.8			0.1			1.0			(5.0	)		1.0			(5.7	)
Gain on fair value of derivatives		(0.1	)		(0.5	)		(0.3	)		-			-			(0.8	)		-
Gain on fair value of warrants		-			-			-			-			-			-			(0.2	)
Income tax recovery		(0.1	)		(0.2	)		(0.5	)		(2.1	)		(6.1	)		(2.9	)		(3.1	)
Net Revenue	$	11.2		$	12.1		$	9.9		$	9.8		$	14.4		$	43.0		$	85.4

PayPal and Mastercard Expand Debit Card Offering to More European Businesses

1. Opendoor Technologies (NASDAQ:OPEN)

2. Upstart (NASDAQ:UPST)

3. Inter & Co. (NASDAQ:INTR)

4. Root (NASDAQ:ROOT)

5. Jiayin Group (NASDAQ:JFIN)

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