Below are news related to the fintech industry this week. General News Fintech companies PayPal and Square reported earnings this week. PayPal earnings report PayPal (PYPL) reported $6.03B revenue with a 31% YoY growth and a net income of $1.1B with a 1206% YoY growth. Significant highlights from quarterly earnings, By numbers Total Payment Volume(TPV) of $285 Billion. -eBay contribution to TPV this quarter…

Below are news related to the fintech industry this week. Big tech companies reported their quarterly earnings ( GOOGL, MSFT, AMZN, AAPL,FB) Major tech companies reported their earnings this week. Most tech companies registered in this article except Facebook are well above their pre-pandemic Net Income growth rates. Amazon exhibited the fastest recovery during the lockdown and continues to show tremendous growth…

Below are news related to fintech industry this week. General News PayPal(PYPL) introduces a couple of new offerings. Venmo support for cryptocurrency In our newsletter from earlier this month, we mentioned a new “checkout by crypto” offering from PayPal- the offering helped consumers use cryptocurrencies during the checkout process. This offering was limited to only PayPal U.S consumers.PayPal has now introduced a similar…

Below are news related to fintech industry this week. General News Bank Earnings Last week big American banks reported their quarterly earnings. Some of the common sentiments shared by the business leaders in the banking world on earnings call were as follows, (a) Bullish on economic recovery: Banks expected a faster recovery than previously…

Background QR (Quick Response) found its origin in Japan to overcome the limitation of Barcodes. Barcodes solved a significant problem in retail cash registers wherein the cashier could scan the barcode on an item at checkout. The price associated with that item would get displayed, tremendously decreasing the checkout times. …