How PayPal is Taking "Awkward" Out of Asking Friends for Money

In November, PayPal launched a new service that lets people collect and keep track of money for a variety of causes. The feature is called "Money Pools." Pablo Rodriguez, Senior Director of Global Consumer Initiatives at PayPal, explains how the feature differentiates itself in the mobile payment space. Rodriguez says PayPal's mission is to help everyone move and manage money, especially during the busy holiday season. Money Pools alleviates the awkwardness of asking people for money, he explains, because people are becoming so much more comfortable with using mobile to make payments. More people shopped online during the holiday shopping season. According to a recent survey by PayPal, 47 percent of people prefer to shop on mobile. Rodriguez says mobile is not only on the rise, it's also becoming the first place consumers turn to connect with merchants.

More In Business

Big Business This Week: EV Sales Are Way Up—But Not for Tesla

Musk's car brand notched its first year-on-year decline since 2011. Plus, TikTok's deadline looms, the great H1-B debate, and oh man, poor Boeing!

Don't Touch My Data: What Does the Future of AI Regulation Look Like?

Matt Calkins, CEO of Appian, breaks down the recent bipartisan report on AI safety and shares thoughts on future privacy enhancements needed in the space.

When The Ball Drops, Will the Dealmaking Pick Up?

Dena Jalbert, CEO of Align Business Advisory Services breaks down the biggest mergers and acquisitions of 2024, plus her predictions for 2025.

Big Business This Week: There’s a New No. 3 in Town!

Honda and Nissan are joining forces in 2026. Plus, who's in Elon's crew, air travel is a mess, and the Skydance-Paramount transition begins.

Did The Fed Make a Soft Landing in 2024 or is There Still Turbulence Ahead?

Josh Hirt, Senior U.S. Economist at Vanguard, discusses Vanguard's Global Outlook as 2024 comes to an end, plus, expectations for 2025.

What Does A Second Trump Term Mean for Your Finances?

Ted Rossman, Senior Industry Analyst at Bankrate discusses how a second Trump administration may affect the average American's finances.

Survey: Small Businesses are Feeling More Optimistic, Post-Election

A survey shows small business owners are feeling more optimistic about the economy following the election.

Nordstrom to be Acquired by Nordstrom Family in $6.25 Billion Deal

Century-old department store Nordstrom has agreed to be acquired and taken private by Nordstrom family members in a $6.25 billion deal.

Nasdaq Helped Companies Raise Over $21 Billion in 2024: What's in Store for IPOs in 2025?

Jeff Thomas, Global Head of Listings at Nasdaq, joined Cheddar to share Nasdaq's expectations and predictions for IPO markets in 2025.

Wicked, Moana, and Gladiator - Oh My! Did Box Offices Comeback in 2024?

Paul Dergarabedian, Senior Media Analyst at Comscore shares the ups and downs that hit box offices in 2024, and how "Glicked" helped end the year back on top.

Load More