Is Paypal bringing back old-school credit cards?

Published

5 years ago

June 9, 2021

Paypal will be launching an old-school credit card with a modern twist

Paypal’s new credit card will offer both short-term interest-free repayment plans and longer-term, interest-bearing credit products.

Retail payments data released by the Reserve Bank on Monday showed a 29 per cent annual fall in the value of goods being bought on credit cards.

The company says many of their users still want a physical credit card, especially if it has no annual fee and accumulates reward points.

John Winters, the co-founder of Superhero told tickerNEWS that PayPal out of touch with the millennial customers.

"They're out of touch with the millennial customers"

John Winters @superheroaus on #PayPal extending its debit-based online offering into plastic credit cards.

Is this old-school? Do you still use physical cards? #tickerNEWS | https://t.co/0W0Nv1lOKc pic.twitter.com/qBuWIonbya
— ticker NEWS (@tickerNEWSco) June 9, 2021

“There is no silver bullet when it comes to payments,” said Andrew Toon, general manager of payments for PayPal Australia.

“We are focused on delivering a one-stop payments shop.”

“PayPal is looking at its options to move in-store, and this is the first step,” he said. “We will continue to look at capabilities.”

He says the PayPal card will hold redeemable discount points in a digital wallet.

Citi will issue the new Paypal credit card. Citi is Australia’s firth-largest credit card provider to the country’s four major banks.

Baking innovation

PayPal is not the only innovator in the credit card market. At a technology briefing last month, Commonwealth Bank chief executive Matt Comyn said its no-interest credit card ‘Neo’.

Commonwealth say Neo has been a big hit with millennials.

This comes amid a growing interest in the ‘buy now, pay later’ sector driven majorly by millennials.

U.S. and China approve TikTok sale to American investors

US and China approve TikTok’s sale to Oracle and Silver Lake amid regulatory scrutiny, with ByteDance retaining 20%.

Published

20 hours ago

January 23, 2026

Harvey Vargas

US and China approve TikTok’s sale to Oracle and Silver Lake amid regulatory scrutiny, with ByteDance retaining 20%.

The United States and China have officially approved a deal for TikTok’s US operations to be sold to American investors, led by Oracle and Silver Lake.

This marks a major shift in the social media landscape as the platform navigates increasing regulatory scrutiny.

Under the new agreement, ByteDance will retain just under 20% of TikTok US, while Oracle and Silver Lake will each take 15% stakes. Other investors will also participate, forming a structure designed to satisfy both commercial and regulatory demands.

The new US-based entity will have a majority American board tasked with overseeing data protection and content moderation. Despite these safeguards, concerns remain about ByteDance’s influence and whether the deal fully complies with recent legislation.

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#TikTokSale #USChinaDeal #Oracle #SilverLake #ByteDance #TechNews #SocialMedia #DataProtection

Money

Markets tumble as Trump tariffs, Greenland rhetoric and Europe backlash collide

U.S. stocks plummet over 800 points amid renewed tariff threats and political tensions from Trump, sparking global trade concerns.

Published

3 days ago

January 21, 2026

Harvey Vargas

U.S. stocks plummet over 800 points amid renewed tariff threats and political tensions from Trump, sparking global trade concerns.

U.S. equities took a sharp hit as markets reacted to renewed tariff threats and heightened political rhetoric from President Donald Trump. The Dow plunged more than 800 points, with the S&P 500 and Nasdaq also sliding as investor nerves rattled risk assets.

The sell-off highlights growing concern around global trade tensions and geopolitical uncertainty, with markets struggling to price in what comes next for U.S. economic leadership and policy direction.

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#USMarkets #WallStreet #TrumpTariffs #GlobalMarkets #USDebt #Europe #Davos #Ticker

Money

Gold hits record highs as investors flee risk

Gold surges amid global uncertainty, with February futures rising 1.71% to $4,674.20 per ounce, signaling safe-haven demand.

Published

4 days ago

January 20, 2026

Harvey Vargas

Gold surges amid global uncertainty, with February futures rising 1.71% to $4,674.20 per ounce, signaling safe-haven demand.

Gold is shining brighter than ever as investors flock to safe-haven assets amid global uncertainty. U.S. gold futures for February delivery jumped 1.71% to $4,674.20 per ounce, while spot gold rose 1.6% to $4,668.14.

The surge comes as geopolitical tensions continue to worry traders, prompting a rush into metals perceived as stable and secure. Analysts say gold is proving its status as the ultimate hedge during turbulent times.

Investors are closely watching markets as gold sets new benchmarks, signalling growing caution across the financial landscape.

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#GoldRally #SafeHaven #InvestingTips #FinancialMarkets #GoldPrices #GlobalEconomy #MarketUpdate #TickerNews