Across the world, digital payment methods are becoming increasingly widespread. Where once cash was king, consumers are now turning to methods that offer greater flexibility. They no longer want to have pockets full of change or make frequent trips to their nearest ATM; rather, they like to know they have constant access to their money at the click of a button.
The global payment business, which covers everything from card payments to remittances abroad, will generate about $ 1.5 trillion this year, according to Accenture. But new players are entering the market, TechNews.bg reports. Now banks dominate the payments sector, but by 2025, when that market grows to $ 2 trillion, banks can lose $ 280 billion, or about 15% of the total payment revenue.
Some 1.2 million freelance professionals and small companies are set to come under the lens of the tax authorities, which will be scrutinizing their last five years of activity, as the head of the Independent Authority for Public Revenue Giorgos Pitsilis has issued a decision setting new criteria concerning their monitoring.
PayPal Holdings acquires iZettle, one of Europe's most popular financial starters. The value of the deal is $ 2.2 billion, the companies said.
The agreement will allow PayPal to expand its presence in the global payments and represent the largest acquisition in the history of the San Jose-based company in California.
A woman has revealed how she makes 62,000 euros a year by posting pictures of her feet on Instagram.
Jessica Gould from Ontario in Canada, snaps photos of her feet and toes in various different positions for her 10,000 followers.
And those who want to request specific pictures of her feet can pay her through a paypal account, which she has detailed in her Instagram bio.
The Greek islands are the most appealing part of tourists who choose Greece as their destination in the estimation of 70% of Greeks, according to data collected by PayPal and GfK survey group. Greeks believed the Acropolis (60%), Thessaloniki (50%) and the ancient oracle at Delphi (40%) were the most attractive places for foreigners visiting Greece.