Xoom offers additional way to send money internationally

Xoom, the US mobile remittance firm that is being acquired by PayPal for $890 million, formed a partnership with TransferTo which will enable its users to send money to 22 countries in the form of prepaid top-ups. TransferTo is a …

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PayPal buys P2P money transfer firm Xoom for $890M

PayPal bought Xoom, a US firm that enables remittances either via mobile or online, as it tries to build an international presence ahead of its 17 July spin-off from parent eBay. Xoom’s target market is migrants in the US who …

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PayPal One Touch comes to web

PayPal’s single touch functionality, which is currently available on mobile devices and lets users make payments easily, will soon be available for online transactions as well. The company hopes that the One Touch feature will encourage customers to complete the …

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Discover joins Apple Pay

The last major US credit card not already signed up by Apple for its payment service has now come on board. Following in the footsteps of rivals Visa, MasterCard and American Express, Discover will allow its card members in the …

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Apple scores ahead of PayPal in consumer survey

Apple Pay leads the field among mobile payment apps that North American consumers are planning to use, according to a survey by 451 Research. The Apple service attracted 45 per cent support in the recent survey — which represents a five-per cent …

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PayPal pumps up Shell deal

PayPal has developed a new service with Shell that will appeal to lazy motorists in the UK, with a launch planned for April followed by a nationwide launch later in 2015. The new service enables drivers to pay for petrol …

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CEO Cook looks to add functionality, more countries to Apple Pay

Apple CEO Tim Cook talked up new features that could be added to the recently launched Apple Pay, as well as his interest in a wider deployment of the US-only service. Cook was willing to look forward with the NFC-based …

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Changes leave eBay, PayPal more open to takeover bids

eBay announced a number of corporate governance changes that could make itself and its PayPal unit into more attractive takeover targets when they are spun off later this year. In addition, the company announced 2,400 job cuts, or 7 per …

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PayPal, Microsoft get together on mobile payments

PayPal is updating its card reader — called PayPal Here —  to work for the first time with devices running Windows, as part of a mobile point-of-sale alliance with Microsoft. Devices including the Surface Pro 3 tablet and Lumia 830 …

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