PayPal and the Department of Justice have agreed to a settlement concerning the company’s 2020 DEI initiative, which invested in Black and minority businesses. PayPal is required to launch a new Small Business Initiative that excludes characteristics such as race, according to a press release. “This Department of Justice is delivering on President Trump’s vow to root out illegal DEI from every corner of corporate America,” said Acting Attorney General Todd Blanche. PayPal’s settlement with the Department of Justice In 2020, PayPal announced the discriminatory Economic Opportunity Fund, which provided $530
PayPal is returning to Nigeria through a new partnership with fintech company Paga, allowing individuals and businesses to receive international payments, withdraw funds in naira, and access PayPal’s global network after nearly two decades of restricted service, TechCabal reports. For the first time, Nigerians can receive PayPal funds directly into a locally regulated wallet at scale, rather than relying on workarounds and business‑only routes. From bans to local partners PayPal blocked Nigerians from receiving payments in 2004, citing fraud concerns, and for years offered only limited functionality. Nigerians could often
As the world has become more digitized, more accessible payment systems such as Cash App, PayPal and Venmo have become hugely popular. According to data, Cash App has generated over 40 million monthly active users and over 100 million downloads. Recent research reveals that 59% of Black Americans report using Cash App, compared to 37% of Hispanic Americans and even a smaller percentage of white and Asian Americans. Hackers and scammers The popularity of these payment systems among Black and Hispanic Americans is in spite of concerns about security and
