Fintech

PayPal Holdings, Inc. (NASDAQ: PYPL) today announced its third quarter 2022 results for the period ended September 30, 2022 . The earnings release and related materials discussing these results can be found on its investor relations website at https:investor.PYPL.comfinancialsquarterly-resultsdefault.aspx .

PayPal Holdings, Inc. will host a conference call to discuss these results at 2:30 p.m. Pacific time ( 5:30 p.m. Eastern time ) today. A live webcast of the conference call will be available at https://investor.pypl.com . In addition, an archive of the webcast will be accessible for 90 days through the same link.

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 430 million consumers and merchants in more than 200 markets to join and thrive in the global economy. For more information, visit paypal.com.

Investor Relations Contact

investorrelations@paypal.com

Media Relations Contact

mediarelations@paypal.com

Cision View original content: https://www.prnewswire.com/news-releases/paypal-reports-third-quarter-2022-results-301668366.html

SOURCE PayPal Holdings, Inc.

News Provided by PR Newswire via QuoteMedia

PYPL

PayPal Acquires TIO Networks

Core Innovation Capital and the Center for Financial Services Innovation has announced that their portfolio company has been acquired by PayPal (NASDAQ:PYPL).
As quoted in the press release:

CFSI, the nation’s authority on financial health, made an early investment in TIO Networks in 2005. Core, a venture capital firm investing in leading financial technology companies, invested in TIO in 2013 as part of their mandate to create value for everyday and underserved Americans.
TIO is a cloud-based multi-channel bill payment processor that has processed over $7 billion in payments in 2016 for its 14 million customers. The company delivers convenient access to secure bill pay via kiosk, walk-in, mobile and web solutions.
“Our exceptional financial return is further enhanced by the fact that TIO is one of the most impactful fintechs in the industry, now becoming part of PayPal,” said Arjan Schütte, founder and managing partner of Core.
“PayPal’s acquisition of TIO represents one of CFSI’s greatest impacts to date,” said Jennifer Tescher, founder and CEO of CFSI. “In TIO, we made an early investment that helped a strong innovator become a financial health champion, and the company has built an incredible business around a real consumer pain point, shaped it, and demonstrated that it can be done profitably. Under the larger umbrella of PayPal, TIO should scale even further to benefit more Americans.”
Seventy-nine percent of TIO’s customers are low-to-moderate income, of which a majority pays their bills by giving cash to a teller at a convenience or other retail location. One of the reasons both CFSI and Core invested is that these bills, when expedited, can be extremely expensive. When Core invested in 2013, TIO saved its customers $192 per year on walk-in bill pay charges, relative to the most common alternatives in the market. This translates to an aggregate savings of $290 million in that year alone. TIO is one of the most impactful companies in Core’s portfolio in terms of number of customers served and ratio of underserved customers.

Keep reading...Show less

CEO of Bitcoin Wall Provider Xapo Joins PayPal's Board of Directors

CEO of bitcoin waller provider Xapo has joined PayPal (NASDAQ:PYPL) as a new board member.
Wences Casares, CEO of bitcoin wallet provider Xapo, is the payments giant’s newest board member.
 
According to an article on Fortune:

Wences Casares, CEO of bitcoin wallet provider Xapo, is the payments giant’s newest board member. Payments giant PayPal announced a new board member this morning, potentially signaling the company’s openness to cryptocurrencies. Wences Casares, CEO of bitcoin wallet provider Xapo, joined PayPal’s board and is part of the company’s compensation committee.
Dan Schulman, president and CEO of PayPal PYPL 2.49% , said of the entrepreneur: “Wences’s unique line of sight into the future of commerce is ideally aligned with PayPal’s vision of transforming the management and movement of money for people around the globe.”

Keep reading...Show less

Intuit Accountants Announces New Products Updates for Tax Year 2022

Intuit ProTax Group software updates equip tax professionals with the latest tools and technology ahead of tax season

Today, Intuit (Nasdaq: INTU), the global financial technology platform that makes TurboTax , Credit Karma , QuickBooks , and Mailchimp , is announcing its latest updates to products and services including Intuit Tax Advisor, Intuit ProConnect Tax, Intuit Link, Intuit ProSeries Tax, and Intuit Lacerte Tax for the upcoming tax year.

News Provided by Business Wire via QuoteMedia

Keep reading...Show less

TurboTax Launches its Tax Year 2022 Products and Services

TurboTax Live Full Service tax experts can now fully prepare, finish, and file taxes in one meeting

TurboTax Online delivers new and enhanced experiences for crypto investors, creators, and self-employed individuals

News Provided by Business Wire via QuoteMedia

Keep reading...Show less

Intuit Reports Strong First Quarter Results and Reiterates Full Year Operating Income and Earnings Per Share Guidance

Small Business and Self-Employed Group Revenue Grew 38 percent, 19 percent excluding Mailchimp

INTUit Inc. (Nasdaq: INTU) the global financial technology platform that makes TurboTax, Credit Karma, QuickBooks, and Mailchimp, announced financial results for the first quarter of fiscal 2023, which ended October 31.

News Provided by Business Wire via QuoteMedia

Keep reading...Show less

Intuit Mailchimp Launches "Give Where You Live" in Partnership with NFL Players Across the Country on Giving Tuesday

Give Where You Live movement galvanizes holiday giving toward local nonprofit organizations

Intuit (Nasdaq: INTU), the global financial technology platform that makes TurboTax , Credit Karma , QuickBooks , and Mailchimp , announced "Give Where you Live," a movement meant to encourage people to donate to small, local nonprofits that know their communities the best. Intuit Mailchimp has partnered with National Football League (NFL) players across the country and GivingTuesday, a global generosity movement, to support the critical work of local organizations in six key U.S. markets: Atlanta, Buffalo, Detroit, Chicago, Los Angeles and Philadelphia.

News Provided by Business Wire via QuoteMedia

Keep reading...Show less

Intuit and Suh Family Foundation Launch National Financial Literacy Program for High School Students

Intuit (Nasdaq: INTU), the global financial technology platform that makes TurboTax , Credit Karma , QuickBooks , and Mailchimp , together with the Suh Family Foundation, co-founded by Ndamukong and Katya Suh, today announced a partnership to bring financial literacy education to high school students in some of the nation's largest school districts in Dallas, Los Angeles, and Oakland.

The program follows a successful pilot serving students in the Portland Public Schools through a partnership with Self Enhancement, Inc., where Intuit and the Suh Family Foundation provided workshops and training to staff to deliver personal finance education to students. Through the program expansion, Intuit will equip teachers with a financial literacy curriculum and skills-building resources, providing students across the country with a stronger financial foundation.

News Provided by Business Wire via QuoteMedia

Keep reading...Show less

Intuit Renews NFL Partnership Through 2026 as the League's Official Financial and Accounting Software Sponsor and Email Marketing and Automation Sponsor

Intuit's TurboTax returns as the presenting sponsor of both the AFC and NFC Divisional and Championship Games

Intuit kicks off #IntuitTouchdownDance challenge to celebrate financial milestones

News Provided by Business Wire via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×