PayPal Applies to Become a US Bank Under Trump Administration
PayPal has filed applications to establish PayPal Bank, a Utah-chartered industrial loan company, aiming to expand small-business lending and offer savings accounts to customers.
PayPal has filed applications to establish PayPal Bank, a Utah-chartered industrial loan company, aiming to expand small-business lending and offer savings accounts to customers.
Bank of America downgraded PayPal to Neutral, lowering its price target to $68. The firm cites slower-than-expected progress in boosting branded checkout growth and expects limited near-term upside.
PayPal expects "tougher comparisons" this quarter and slower branded checkout growth, but anticipates easier conditions in 2026 after APAC tariff headwinds ease.
Western Union plans to launch USDPT, a dollar-backed stablecoin on Solana, letting 100M users send money globally faster and cheaper.
PayPal raises its 2025 earnings outlook, announces a new dividend, and partners with OpenAI to embed its digital wallet in ChatGPT, sending shares up nearly 10%.
PayPal acquires additional shares in Shopware AG from Carlyle Group, boosting its ownership from 11% to 41% in the German digital commerce company.