PayPal Makes a Big Bet on China
PayPal’s launch of PayPal Complete Payments makes it the first foreign platform to enter China’s increasingly crowded online third-party payments market. Despite an economy already dominated by major payments processors, PayPal’s bet could yield significant rewards. PayPal has been active in China since 2004, having established several wholly-owned subsidiaries. PayPal Complete Payments is being introduced […]
Two Ideas to Protect and Strengthen the U.S. Financial System
The U.S. financial system has an unrivaled history of resilience and creativity. Banks, credit unions and other financial institutions, supported by tech companies, policy makers and regulators, have overcome unimaginable crises over the last 100 years—the Great Depression, two World Wars, the S&L Crisis, the terror attacks of 9/11, the Great Recession and COVID. But […]