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PayPal Reveals How Americans Are Spending Credit Card Rewards In A COVID-19 World

Summary: 
  • 44% of American credit card holders say they are more likely to spend their credit card rewards during the COVID-19 pandemic
  • 29% see rewards balances as a way to stretch budgets; top items purchased with credit card rewards shift to everyday essentials like groceries
Press Release
  • 44% of American credit card holders say they are more likely to spend their credit card rewards during the COVID-19 pandemic
  • 29% see rewards balances as a way to stretch budgets; top items purchased with credit card rewards shift to everyday essentials like groceries

How Melba Wilson Is Keeping Her NYC Comfort Food Restaurant Afloat During COVID-19 With PayPal

Blog

When New York City restaurateur Melba Wilson first heard about the COVID-19 pandemic, she didn’t think it would come knocking on her eponymous eatery’s door. She is a resilient native New Yorker, after all. But on March 16, she had to temporarily close the dine in portion of her popular comfort food restaurant in Harlem, lay off staff, and secure emergency government funding to try to stay afloat.

PayPal Announces $530 Million Commitment to Support Black Businesses, Strengthen Minority Communities and Fight Economic Inequality

Funds will provide immediate financial relief, sustained support and long-term investment to expand economic opportunity for Black and underrepresented minority businesses and communities
Press Release

SAN JOSE, Calif., June 15, 2020 /3BL Media/-- PayPal Holdings, Inc. (NASDAQ: PYPL) on June 11, 2020 announced a $530 million commitment to support Black and minority-owned businesses and communities in the U.S., especially those hardest hit by the pandemic, to help address economic inequality. As part of its investment, the company is bolstering its internal programs to further increase diversity, equity and inclusion within the PayPal community.

PayPal: Standing With Black Employees, Customers and Partners

by Dan Schulman, President and CEO
Newsletter

PayPal’s core values are inclusion and equality – and we strongly stand against discrimination, racism, hatred and violence. As a company, we have been in deep conversation during this difficult time, determined to stand with our Black colleagues and their communities – and working together on how we can contribute to meaningful change. It is absolutely unacceptable that Black people in the United States, including our colleagues, customers and community members, are fearful for their safety and face the impacts of racism and hatred. We need dialogue, change, education, and action.

Webinar: Building a Just and Resilient Business Future: COVID-19 and Beyond

Article

Drawing on insights from the Business Pivot Challenge, IDEO will be hosting a webinar on Tuesday, May 12, at 8AM PST to examine how a human-centered approach can help organizations navigate this unique time and collectively work towards a more just and resilient future. Join us to hear from global leaders, including our own, Mike Todasco. Below are details on the webinar and how to register.
 

Building a Just and Resilient Business Future: COVID-19 and Beyond

May 12, 2020 08:00 AM in Pacific Time (US and Canada)

Moderators

Expanding Our COVID-19 Relief Response for #GivingTuesdayNow

by Franz Paasche, SVP Corporate Affairs
Blog

The Coronavirus pandemic has had an impact on people, businesses, and charities around the world, from individuals caring for sick family members, to hospital workers on the front lines, to local small businesses struggling to stay afloat. We’re experiencing unprecedented disruption to every facet of life during these uncertain times.  

All the Ways to Support COVID-19 Relief on #GivingTuesdayNow

Press Release

May 4, 2020 /3BL Media/ Extending its long-standing relationship with GivingTuesday, PayPal has today announced it is supporting #GivingTuesdayNow, a new global day of giving and unity as an urgent response to the unprecedented COVID-19 crisis. On #GivingTuesdayNow, PayPal is coming together with companies and organizations around the world to support this new initiative in a time of great need.  

Mastercard Builds on COVID-19 Response with Commitment to Connect 1 Billion People, 50 Million Small Businesses, 25 Million Women Entrepreneurs to the Digital Economy by 2025

Extends effort beyond 500 million financially included over the past five years. Maximizes technology, partnerships to deliver aid, insights and access to businesses and communities. Blends support of economic and health well-being.
Press Release

PURCHASE, NY., April 30, 2020 /3BL Media/ -- The health and economic consequences of COVID-19 have highlighted the critical need to support vulnerable populations, many of whom are disproportionately impacted.

PayPal Releases 2019 Global Impact Report

Press Release

SAN JOSE, Calif., April 28, 2020 /3BL Media/– PayPal Holdings, Inc. (NASDAQ: PYPL) has released its third annual Global Impact Report, publishing its environmental, social, and governance (ESG) strategies and activities of its global operations for 2019.

PayPal Is Supporting OpenIDEO’s COVID-19 Business Pivot Challenge

Multimedia with summary

PayPal is supporting OpenIDEO’s COVID-19 Business Pivot Challenge, the goal of which is to find and support innovations that answer the question, “How might businesses of all kinds rapidly adapt to support the immediate needs of the COVID-19 response, and enable a more just and resilient future?”

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