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Today in FinTech Ukraine: PayPal Raises $250M

New York Tech Editorial Team by New York Tech Editorial Team
March 15, 2022
in FinTech
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Today in FinTech Ukraine: PayPal Raises $250M
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PayPal Holdings Inc. and its charity partners have raised more than $250 million for organizations supporting relief efforts in Ukraine, the California online payments network company announced.

From the PayPal and Xoom app or on Xoom.com, customers can send money for cash pickup in minutes to Ukraine, or refill prepaid mobile phone plans so family and friends can stay in touch. At checkout, PayPal users can donate $1 to the effort.

Lyft, the ride-sharing company, announced it has expanded its partnership with YMCA’s World Service Campaign, the organization founded to help those who are impacted by the conflict.

The new feature allows riders to round up their fare to the nearest dollar and donate the difference to emergency relief efforts on the ground.

Airbnb’s co-Founders Brian Chesky, Joseph Gebbia, Nathan Blecharczyk and his wife Elizabeth have pledged to match up to $10 million in donations to Airbnb.org through March in support of the effort to offer housing to refugees fleeing Ukraine.

So far, 14,000 people in Europe have signed up to share their home with refugees since this program launched on Feb. 28.

Hayden Brown, president and CEO of Upwork, the San Francisco work marketplace that connects businesses with independent workers, has promised to donate $1 million to Direct Relief International in support of Ukraine.

In addition, a $100,000 matching program for donations from Upwork team members has been launched to aid in humanitarian relief in Ukraine.

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NEW PYMNTS DATA: 57% OF CONSUMERS PREFER ADVANCED ID VERIFICATION AFTER TRYING IT

About:Fifty-seven percent of consumers who’ve used advanced ID verification methods such as voice recognition when contacting customer service say they’d do it again. The Consumer Authentication Experiences report, surveyed nearly 3,800 U.S. consumers to learn how offering innovative verification experiences is helping businesses deliver superior customer service across all channels.

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