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Top related persons:
Dado Ruvic - 1 PayPal - 1 Huw Jones - 1 Jonathan Oatis - 1 Alexander Smith - 1
Top related locs:
Britain United Kingdom
Top related orgs:
PayPal - 1 REUTERS - 1 Financial - 1 Authority - 1 PayPal Europe - 1 European Union - 1 Thomson - 1

Search resuls for: "PayPal Europe"


3 mentions found


☆ PayPal gets crypto green light in UK as sets up post-Brexit base
  + stars: | 2023-11-01 | by ( Huw Jones | ) www.reuters.com   time to read: +1 min
A smartphone with the PayPal logo is placed on a laptop in this illustration taken on July 14, 2021. The regulator has also brought in tougher safeguards on marketing cryptoassets, which have snarled rivals like Binance. PayPal said on Wednesday that the FCA has approved the company as an authorised electronic money institution and consumer credit firm, as well as its registration as a cryptoasset business, although the pause in UK crypto services would continue as previously announced. The approvals mean that from Nov. 1 PayPal's UK customers will be transferred to a new entity based in Britain from PayPal Europe, which had hitherto served UK customers, reflecting Britain's departure from the European Union. "PayPal continues to offer our customers the same products and services in the United Kingdom," it said.
Persons: Dado Ruvic, PayPal, Huw Jones, Jonathan Oatis, Alexander Smith Organizations: PayPal, REUTERS, Financial, Authority, PayPal Europe, European Union, Thomson Locations: Britain, United Kingdom
☆ Futures subdued with earnings in full swing, Salesforce up on Elliot stake
  + stars: | 2023-01-23 | by ( ) www.reuters.com   time to read: +2 min
SummarySummary Companies Futures: S&P off 0.08%, Dow and Nasdaq flatJan 23 (Reuters) - U.S. stock index futures struggled for direction at the start of another big week for corporate earnings amid concerns about a recession, while Salesforce rose on Monday as Elliott Management acquired a stake in the firm. A slew of earnings in the coming weeks will also test the recent bounce in certain technology and growth stocks that took a large hit last year. ET, Dow e-minis were down 5 points, or 0.01%, S&P 500 e-minis were down 3.25 points, or 0.08%, and Nasdaq 100 e-minis were down 5.75 points, or 0.05%. Qualcomm Inc (QCOM.O) and Advanced Micro Devices Inc (AMD.O) climbed around 2% each, after brokerage Barclays upgraded the chipmakers to "overweight" from "equal-weight". Reporting by Shreyashi Sanyal in Bengaluru Editing by Vinay DwivediOur Standards: The Thomson Reuters Trust Principles.
☆ German cartel office initiates proceedings against PayPal
  + stars: | 2023-01-23 | by ( Industry Insight | Law Firm Pricing Professionals In | Examining Compensation | ) www.reuters.com   time to read: +1 min
BERLIN, Jan 23 (Reuters) - Germany's cartel office regulator said on Monday it had initiated proceedings against payment company PayPal Europe (PYPL.O) over the possibility that it hindered competition. The subject of the proceedings was PayPal's rules for extra charges and the presentation of PayPal in the terms of use for Germany, the watchdog said. "These clauses could restrict competition and constitute a violation of the prohibition of abuse," said cartel office chief Andreas Mundt in a statement. "We will now examine what market power PayPal has and to what extent online merchants are dependent on offering PayPal as a payment method." Changes to Germany's antitrust laws for digital corporations, which came into effect in 2021, give the cartel office more power in identifying and prohibiting some companies' dominant positions.
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