Ugandan businesses and set to benefit from faster payments, lower transaction costs and quicker access to global markets Kampala, Uganda | NEWS CORRESPONDENT | Global payments giant PayPal has expanded access to its digital dollar stablecoin, PayPal USD (PYUSD), to users across 70 markets worldwide, including Africa, in a …
Read More »PayPal announces new CEO
San Francisco, US | Xinhua | U.S. payments giant PayPal announced Monday that its senior Intuit executive Alex Chriss will become the new president and CEO, replacing current CEO Dan Schulman. The members of PayPal’s board shared the appointment, effective on Sept. 27, 2023, in a press release. Chriss joined …
Read More »Blow as PayPal abandons Facebook-backed Libra cryptocurrency group
San Francisco, United States | AFP | Pioneering digital payments firm PayPal on Friday said it is abandoning an alliance intended to oversee the Facebook-backed Libra cryptocurrency, which has come under attack by regulators. “PayPal has made the decision to forgo further participation in the Libra Association at this time,” …
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