Sentence examples for payment unit from inspiring English sources
The company, based in San Jose, Calif., said that revenue for its marketplace grew only 3 percent, to $1.41 billion, while revenue from its payment unit grew 22 percent, to $838 million.
In 2011, Yahoo shareholders were caught by surprise when the Chinese Internet giant Alibaba, in which Yahoo held a 40 percent stake, announced that it had transferred the assets of its online payment unit, Alipay, to a variable interest entity controlled by Jack Ma, Alibaba's chief executive.
The announcement is a bid to end a feud that erupted after Yahoo said in a regulatory filing last week that Alibaba had transferred the assets of its online payment unit, Alipay, to a Chinese company controlled by Alibaba's chief executive, Jack Ma.
EBay's online payment unit PayPal continued to deliver strong results with second-quarter revenue of $244 million, a 51% rise from the year-ago period.
Verisign, the $1.1 billion (in 2003 sales) Internet security concern, has a payment unit that has 102,000 merchants under management and processed $7.7 billion in transactions.
Web auctioneer eBay said Tuesday Dublin will become the European headquarters for its online payment unit PayPal, and that Ireland's capital will also be home to eBay's second European customer support center.
The Travelex global business payments unit conducts payments annually for 35,000 business clients in 14 countries.
EBay, based in San Jose, Calif., said revenue from its payments unit grew 23 percent to $992 million in the quarter.
BUSINESS DAY An article on April 19 about the quarterly earnings of eBay misstated the estimated annual transactions of its PayPal online payments unit.
EBay's payments unit, which consists mostly of PayPal, had $838 million in revenue in the three months ended Sept. 30, up 22 percent from the period a year earlier.
An article on April 19 about the quarterly earnings of eBay misstated the estimated annual transactions of its PayPal online payments unit.
