American mobile payment service owned by PayPal since 2013
Stripe and Advent are pressing forward with a potential bid to jointly acquire PayPal, valuing the payments giant around $53-60 billion and backed by roughly $50 billion in bank financing. PayPal has not yet responded as discussions continue, with experts noting the deal would create a dominant dual-powered payments group.
The Federal Trade Commission has secured a $2.5 billion settlement with Amazon over unlawful Prime enrollments and hard-to-cancel policies. Eligible U.S. customers may receive up to $51 per claim, with payments expected by September 2026. Amazon must tighten enrollment and cancellation disclosures and stop challenged enrollment practices.
X Money has launched for US Premium and Premium+ subscribers, offering 6% APY on deposits and 3% cashback. Real-time transfers within X and an X-branded Visa card are available, but several markets lack money transmitter licenses and transfers face limitations, prompting questions about adoption as the broader payments ecosystem evolves.