Latest news with #digitalpayment
Yahoo
4 days ago
- Business
- Yahoo
Can PayPal Stock Hit $125 in 2025?
Digital payment giant PayPal's (PYPL) story has been anything but smooth. After soaring in 2020 and carrying the momentum into early 2021, PYPL stock stumbled, ending three consecutive years in the red. While 2024 brought a much-needed rebound, 2025 has seen shares slip once again. Much of PayPal's decline can be traced to rising competition. Newer, faster fintech rivals have outpaced the company with sleeker, more intuitive payment solutions. Still, PayPal isn't going down without a fight. In response, PayPal brought in CEO Alex Chriss in 2023 to reset its strategy. Under his leadership, the company has launched features like one-click and express checkout while sharpening its focus on profitable growth and operational efficiency. Dear Nvidia Stock Fans, Watch This Event Today Closely A $2 Billion Reason to Sell Super Micro Computer Stock Now 3 ETFs Offering Juicy Dividend Yields of 15% or Higher Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now! PayPal's ever-expanding partner network — featuring giants such as Amazon (AMZN), Shopify (SHOP), Apple (AAPL), Alphabet (GOOGL), and Meta Platforms (META) — also remains a powerful asset. With Wall Street's highest target pegged at $125 for the stock, can PayPal rally hard enough to hit that mark before the year wraps? PayPal runs a global technology platform that connects merchants and consumers through a dynamic two-sided network. Whether shopping online or in-person, users can pay, get paid, transfer, or withdraw funds using a wide range of options, including bank accounts and cards, PayPal and Venmo balances, cryptocurrency, and more — making digital payments seamless and accessible worldwide. With its market capitalization currently hovering around $71 billion, PayPal remains a major player in the fintech space. However, its stock performance tells a different story. Delivering a 25% return over the past one year, the stock has taken a 14% hit so far in 2025, underperforming the broader S&P 500 Index ($SPX) by a wide margin, with the benchmark up 4.4% year-to-date (YTD). PYPL stock touched a YTD high of $93.25 in January but has since fallen more than 21% from that peak. Considering its sluggish price action, PayPal now appears to be a potential value play. The stock is trading at just 14 times forward earnings and 2.25 times sales, which is significantly below its five-year averages. For investors hunting for discounted fintech names, PayPal's current valuation could offer an attractive entry point. PayPal delivered its fiscal 2025 first-quarter earnings on April 29. The results were a mixed bag, showing a slight revenue miss but a strong profit beat. Sales rose just 1% year-over-year (YOY) to $7.8 billion, falling short of expectations. However, the company made it clear this was by design. PayPal emphasized its strategic pivot toward profitability, deliberately phasing out lower-margin revenue streams. That shift paid off on the bottom line. Adjusted EPS came in at $1.33, up 23% from a year ago and beating Wall Street estimates by an impressive 15.7% margin. PayPal continued to strengthen its financial footing in Q1, with transaction margin dollars — the company's core profitability metric — rising 7% to $3.7 billion. Active accounts grew 2% YOY to reach 436 million, reflecting steady user engagement. Backed by a strong balance sheet with $15.8 billion in cash, cash equivalents, and investments, PayPal also returned $1.5 billion to shareholders through share repurchases, underscoring its commitment to capital returns. Reflecting on the Q1 performance, Chriss noted, 'PayPal had a great start to the year and our strategy is working. This is our fifth consecutive quarter of profitable growth with progress across branded checkout, PSP, omnichannel, and Venmo.' Looking ahead, PayPal offered a dose of optimism with strong Q2 guidance, projecting adjusted EPS between $1.29 and $1.31, signaling continued momentum on the profitability front. For the full year, the company took a more cautious stance. Citing ongoing global macroeconomic uncertainty, PayPal reaffirmed its earlier guidance, expecting full-year EPS to land between $4.95 and $5.10. By comparison, analysts tracking PayPal project the company's profit to grow 9.3% annually to $5.08 per share in fiscal 2025, followed by an even stronger 11% rise to $5.64 in fiscal 2026. Overall, Wall Street sentiment toward PYPL stock remains cautiously upbeat, with analysts giving it a consensus 'Moderate Buy' rating. Of the 44 analysts offering recommendations, 16 give it a solid 'Strong Buy" rating, two suggest a 'Moderate Buy,' 22 give a 'Hold,' and the remaining four advocate for a 'Strong Sell" rating. PYPL stock's average analyst price target of $79.81 indicates 9% potential upside. But the Street-high target of $125 tells a more bullish story, implying a potential rally of 70% if the company's turnaround strategy hits its stride. On the date of publication, Anushka Mukherji did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
Gulf Business
25-06-2025
- Business
- Gulf Business
Tawasul Transport, Mbank launch AE Coin digital payments in Abu Dhabi taxis
Image: Supplied Tawasul Transport, in collaboration with Al Maryah Community Bank (Mbank), has launched the first digital payment system in Abu Dhabi taxis using AE Coin, a stablecoin pegged to the UAE dirham. The initiative, carried out in coordination with the Integrated Transport Center (ITC), marks a global first in deploying a government-regulated stable digital currency for public transport fares. Passengers in Abu Dhabi can now use the AEC Wallet app to pay for taxi rides by scanning a QR code displayed inside the vehicle. The wallet, available on Apple Store, Google Play, and Huawei AppGallery, enables seamless transactions with a fixed exchange rate of Dhs1 to AEC 1, providing financial stability and ease of use. Part of wider strategy to boost smart mobility ecosystem in Abu Dhabi The move is part of a broader strategy by ITC to support digital transformation and enhance the smart mobility ecosystem in Abu Dhabi. Officials say the deployment aims to simplify the payment process while aligning with the UAE's fintech and digital government goals. 'This initiative serves as a model of effective collaboration between all entities striving for continuous development within the integrated transport ecosystem,' said Ghena Jbour, GM of Tawasul Transport. 'The adoption of AE Coin in public transport reflects our commitment to future-focused financial solutions that combine technology, convenience, and sustainability.' Mohammed Wassim Khayata, CEO of Ramez Rafeek, GM of AED Stablecoin, which manages AE Coin, said the collaboration underscores how digital currencies can integrate into daily life. 'This partnership exemplifies the power of innovation and cooperation in driving the future of digital payments,' he noted. The AEC Wallet is expected to expand its reach across additional transport services, merchants, and retail outlets in the UAE in the near future.
Khaleej Times
24-06-2025
- Business
- Khaleej Times
Tawasul Transport and Al Maryah Community Bank launch digital payment system in taxis using AE Coin
In coordination with the Integrated Transport Center (ITC) of the Department of Municipalities and Transport, Tawasul Transport, in collaboration with Al Maryah Community Bank (Mbank), launched a groundbreaking initiative enabling passengers to pay electronically via the AEC Wallet app using the stable digital currency AE Coin across all Tawasul taxis in the Emirate of Abu Dhabi. This milestone is part of joint efforts to enhance digital payment solutions and develop a smart, secure, and seamless transportation experience. The initiative is the first of its kind globally to adopt a stablecoin pegged to the UAE dirham for public transport payments. The launch event featured the first official payment using AE Coin following a completed ride in one of Tawasul's taxis—a move that reinforces Abu Dhabi's commitment to transitioning toward a digital and sustainable transportation system. The AEC Wallet offers a simple and secure payment experience, allowing users to complete transactions by scanning a QR code inside the vehicle. AE Coin is pegged at a fixed rate of Dh1 = 1 AEC, ensuring strong financial stability and building trust in digital currency usage. The AEC Wallet app is available for free on the Apple Store, Google Play, and Huawei AppGallery. It features an innovative user experience focused on fast transactions, robust security, and reduced transfer costs. With this initiative, taxi passengers in Abu Dhabi can now benefit from an advanced digital payment experience that aligns with the emirate's ambitions for digital transformation and strengthens its position as a global hub for fintech and smart mobility. Tawasul Transport: Ghena Jbour, General Manager of Tawasul Transport, stated: 'This initiative serves as a model of effective collaboration between all entities striving for continuous development within the integrated transport ecosystem. It reinforces the UAE's leading position in innovation and digital transformation in the transportation sector. At Tawasul Transport, we believe that digital transformation is not merely an option—it is a necessity to meet the evolving expectations and daily needs of users. This step contributes to enhancing the customer experience by simplifying the payment process and providing multiple secure payment options, in line with Abu Dhabi's vision of building a smart and sustainable transport system. The adoption of AE Coin in the public transport sector reflects our commitment to supporting future-focused financial solutions that combine technology, convenience, and sustainability. We will continue working to expand these solutions to cover additional services in the future.' Al Maryah Community Bank: Mohammed Wassim Khayata, CEO of Mbank, said: 'We are proud to be part of this innovative collaboration with Tawasul Transport and the Integrated Transport Center, as it aligns perfectly with our vision of driving the future of digital payments in the UAE. AE Coin is not just a digital currency, it's a key pillar of the UAE's emerging financial infrastructure, bringing stability and compliance into real-time consumer payments through blockchain. Today, we are introducing a transformative payment experience, offering customers a future-forward, cashless, secure, and cost-effective way to use public transport. It's a step forward in bringing the UAE's Digital Government Strategy 2025 to life.' He added: 'As part of its strategic roadmap, Mbank is focused on forging future partnerships with businesses and government entities to expand the adoption of AEC Wallet across various sectors, revolutionizing digital payments for both consumers and businesses in the UAE.' Ramez Rafeek, General Manager of AED Stablecoin, commented: 'The collaboration with Tawasul Transport marks a pivotal moment for AE Coin and AEC Wallet. By offering passengers a secure and seamless payment option in all Tawasul taxis, we are demonstrating how digital currencies can integrate effortlessly into everyday life. This partnership exemplifies the power of innovation and cooperation in driving the future of digital payments, and we're thrilled to be at the forefront of this transformation.' The AEC Wallet app will be accepted across more transportation services, merchants, and retail outlets across the UAE, further enhancing the customer experience and offering more opportunities to use AE Coin in everyday transactions.
Zawya
24-06-2025
- Business
- Zawya
Tawasul Transport and Al Maryah Community Bank launch the first digital payment system in taxis using AE Coin
Abu Dhabi, UAE – In coordination with the Integrated Transport Center (ITC) of the Department of Municipalities and Transport, Tawasul Transport, in collaboration with Al Maryah Community Bank (Mbank), launched a groundbreaking initiative enabling passengers to pay electronically via the AEC Wallet app using the stable digital currency AE Coin across all Tawasul taxis in the Emirate of Abu Dhabi. This milestone is part of joint efforts to enhance digital payment solutions and develop a smart, secure, and seamless transportation experience. The initiative is the first of its kind globally to adopt a stablecoin pegged to the UAE dirham for public transport payments. The launch event featured the first official payment using AE Coin following a completed ride in one of Tawasul's taxis—a move that reinforces Abu Dhabi's commitment to transitioning toward a digital and sustainable transportation system. The AEC Wallet offers a simple and secure payment experience, allowing users to complete transactions by scanning a QR code inside the vehicle. AE Coin is pegged at a fixed rate of 1 AED = 1 AEC, ensuring strong financial stability and building trust in digital currency usage. The AEC Wallet app is available for free on the Apple Store, Google Play, and Huawei AppGallery. It features an innovative user experience focused on fast transactions, robust security, and reduced transfer costs. With this initiative, taxi passengers in Abu Dhabi can now benefit from an advanced digital payment experience that aligns with the emirate's ambitions for digital transformation and strengthens its position as a global hub for fintech and smart mobility. Tawasul Transport: Mr. Ghena Jbour, General Manager of Tawasul Transport, stated: 'This initiative serves as a model of effective collaboration between all entities striving for continuous development within the integrated transport ecosystem. It reinforces the UAE's leading position in innovation and digital transformation in the transportation sector. At Tawasul Transport, we believe that digital transformation is not merely an option—it is a necessity to meet the evolving expectations and daily needs of users. This step contributes to enhancing the customer experience by simplifying the payment process and providing multiple secure payment options, in line with Abu Dhabi's vision of building a smart and sustainable transport system. The adoption of AE Coin in the public transport sector reflects our commitment to supporting future-focused financial solutions that combine technology, convenience, and sustainability. We will continue working to expand these solutions to cover additional services in the future.' Al Maryah Community Bank: Mr. Mohammed Wassim Khayata, CEO of Mbank, said: 'We are proud to be part of this innovative collaboration with Tawasul Transport and the Integrated Transport Center, as it aligns perfectly with our vision of driving the future of digital payments in the UAE. AE Coin is not just a digital currency, it's a key pillar of the UAE's emerging financial infrastructure, bringing stability and compliance into real-time consumer payments through blockchain. Today, we are introducing a transformative payment experience, offering customers a future-forward, cashless, secure, and cost-effective way to use public transport. It's a step forward in bringing the UAE's Digital Government Strategy 2025 to life.' He added: 'As part of its strategic roadmap, Mbank is focused on forging future partnerships with businesses and government entities to expand the adoption of AEC Wallet across various sectors, revolutionizing digital payments for both consumers and businesses in the UAE.' AED Stablecoin: Ramez Rafeek, General Manager of AED Stablecoin, commented: 'The collaboration with Tawasul Transport marks a pivotal moment for AE Coin and AEC Wallet. By offering passengers a secure and seamless payment option in all Tawasul taxis, we are demonstrating how digital currencies can integrate effortlessly into everyday life. This partnership exemplifies the power of innovation and cooperation in driving the future of digital payments, and we're thrilled to be at the forefront of this transformation.' Coming soon: The AEC Wallet app will be accepted across more transportation services, merchants, and retail outlets across the UAE, further enhancing the customer experience and offering more opportunities to use AE Coin in everyday transactions. About Integrated Transport Centre: The Integrated Transport Centre (ITC), affiliated with the Department of Municipalities and Transport, is the legislative, regulatory, and supervisory authority responsible for managing and developing the transport sector in the Emirate of Abu Dhabi. It formulates policies and frameworks aimed at establishing a smart, safe, and integrated mobility system that supports the Emirate's aspiration to be among the most advanced cities in the world. ITC oversees all land, maritime, and aviation transport activities across the Emirate, ensuring the integration and advancement of the mobility system in line with urban expansion and population growth. It also strives to harness the latest technologies, innovation, and sustainability tools to meet future mobility demands, enhance quality of life, and redefine urban living standards by embedding advanced solutions and promoting sustainable mobility practices. About Tawasul Transport: Tawasul Transport Company, established in 2007, is a leading provider of taxi services in the Emirate of Abu Dhabi. With a fleet known for its high quality, safety, and comfort, Tawasul Transport has become a trusted provider of public transport services, committed to ensuring customer satisfaction. As part of its commitment to innovation and shaping the future of transportation, Tawasul Transport is currently operating autonomous vehicles in support of smart and sustainable mobility initiatives. This strengthens its position as a pioneering company in adopting future-ready solutions for modern transport systems. The company operates 24/7 throughout the year, in alignment with the goals of the Integrated Transport Center (ITC), the official authority responsible for regulating and managing public transport services in the Emirate. Tawasul actively contributes to realizing Abu Dhabi's vision of building a smart, safe, and sustainable transport ecosystem that meets community needs and keeps pace with future aspirations. For more information, please contact us on info@ About Al Maryah Community Bank: Al Maryah Community Bank (Mbank) is the first fully integrated digital bank in the UAE, providing an omnichannel experience for both individual consumers and small businesses. The bank is highly specialized, focusing on growth and serving the UAE community, which includes UAE Nationals, residents, and businesses (both SMEs and corporates). The bank's vision aligns with that of the UAE's leaders, who are committed to supporting individuals and small businesses within the UAE economy and fostering a forward-thinking culture that emphasizes innovation and technology. For further information, please contact us on info@ About AE Coin: AE Coin is a next-generation stable digital currency regulated by the Central Bank of the UAE, offering secure, transparent, and efficient financial services. With a focus on local payments, decentralized finance, and innovative rewards systems, AE Coin is redefining the way users interact with digital money. Headquartered in Abu Dhabi, UAE, AE Coin leads the region in digital finance innovation.
Entrepreneur
23-06-2025
- Business
- Entrepreneur
Banks and RBI Collaborate on Real-Time Intelligence Platform to Tackle Rising Digital Payment Frauds
Once operational, DPIP will collect, analyse, and disseminate actionable intelligence in real time, helping financial institutions flag and block suspicious transactions promptly You're reading Entrepreneur India, an international franchise of Entrepreneur Media. In response to the alarming rise in digital payment frauds, India's public and private sector banks are joining forces under the Reserve Bank of India's (RBI) guidance to develop a Digital Payment Intelligence Platform (DPIP). Envisioned as a Digital Public Infrastructure (DPI), the platform aims to significantly enhance fraud risk management by enabling real-time data sharing and intelligence gathering to stop fraudulent transactions before they occur. The urgency of the initiative is underscored by recent RBI data that reveals a sharp increase in reported bank frauds. In FY25, the total value of frauds surged nearly threefold to INR 36,014 crore from INR 12,230 crore in the previous fiscal year. Public sector banks accounted for INR 25,667 crore of the total, a significant jump from INR 9,254 crore a year earlier. Sources familiar with the development said the platform's structure will be designed collaboratively by public and private banks, recognising that digital fraud is a shared challenge across the financial ecosystem. A high-level meeting was recently held, bringing together senior officials from the RBI, banking institutions, and other stakeholders to finalise the framework of the proposed entity. The platform expected to go live within the next few months. Once operational, DPIP will collect, analyse, and disseminate actionable intelligence in real time, helping financial institutions flag and block suspicious transactions promptly. In terms of volume, most frauds have been concentrated in digital payment modes like cards and online transactions, particularly within private sector banks. However, in terms of value, the majority of fraudulent activities in public sector banks have occurred in the loan and advances segment. The Reserve Bank Innovation Hub (RBIH) has been tasked with building the prototype of the platform in collaboration with 5 to 10 partner banks. It will leverage advanced analytics and technologies to strengthen the banking sector's response to increasingly sophisticated cyber fraud tactics. The initiative follows recommendations made by a committee set up in June last year, led by A P Hota, former MD & CEO of the National Payments Corporation of India (NPCI), which studied the feasibility and structure of such a digital infrastructure.
