As funding for start-ups falls across the globe, Africa is standing out as a notable exception.
South African Roelof Botha, 48, will become the senior steward of the storied firm, according to a Twitter message from current chief Doug Leone.
A whopping $600-billion of cash stashed at mega-cap technology companies could drive a wave of deal-making in the sector.
PayPal is not pursuing an acquisition of Pinterest at this time, the payments company said, responding to media reports.
PayPal has made an offer to buy digital pinboard site Pinterest for $45-billion, people familiar with the matter said on Wednesday.
Adobe will add payment services to its e-commerce platform this year to help merchants accept credit cards and other ways of paying.
PayPal Holdings will allow customers in the UK to buy, sell and hold bitcoin and other cryptocurrencies starting this week, the company said on Monday.
Square, the payments firm of Twitter co-founder Jack Dorsey, will purchase “buy now, pay later” pioneer Afterpay for $29-billion, creating a global transactions giant.
PayPal will announce later on Tuesday that it has started allowing US consumers to use their cryptocurrency holdings to pay at millions of its online merchants globally.
Fintech company Flutterwave has teamed up with US payments giant PayPal to enable PayPal customers to pay African merchants through its platform, the Africa-focused payments firm said on Tuesday.