Tag: $PayPal

PayPal Expects $5 Billion in Buybacks Following Deal With KKR

PayPal Holdings PYPL announced a deal in which KKR-managed funds and accounts will purchase up to €40 billion of buy now, pay later loan receivables originated in Europe, which should allow for the repurchase of more stock this year by the payments company.

$5 billion fintech Zepz looks to take on rivals like PayPal with digital wallet, M&A plans

Zepz, the owner of money transfer firms WorldRemit and Sendwave, is on the hunt for mergers and acquisitions after cutting 26% of its workforce last month, the company’s CEO told CNBC.

PayPal adjusted margin forecast cut eclipses higher profit expectations

PayPal Holdings Inc (PYPL.O) on Monday cut its outlook for annual adjusted operating margin, overshadowing its profit forecast raise, sending shares in the payments firm down 5% in extending trading.