financetom
Business
financetom
/
Business
/
PayPal says it is working with German banks after widespread payment disruption
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
PayPal says it is working with German banks after widespread payment disruption
Aug 29, 2025 6:14 AM

BERLIN, Aug 29 (Reuters) - PayPal ( PYPL ) said on

Friday that it was working to resolve any remaining issues

following a widespread disruption that had halted user payments

in Germany, raising alarm over the reliability of the app for

online transactions.

"We apologise for the inconvenience caused by the current

events. Safety remains our top priority," the company said in an

emailed statement to Reuters, adding that the disruption had

since been resolved.

"We are working closely with our banking partners to resolve

any discrepancies on customers' accounts. All legitimate

merchant transactions will be fully remunerated."

The company did not comment on the cause of the problem.

The Sueddeutsche Zeitung newspaper reported earlier this

week that German banks had halted 10 billion euros' ($11.71

billion) worth of payments on Monday due to concerns that

PayPal's ( PYPL ) security system had stopped vetting them for potential

fraud.

Germany's Bild newspaper reported on Friday that some users

were still having problems with the app, a popular method of

payment in the country.

A spokesperson declined to comment on the report directly.

The disruption has raised concerns in Germany about

consumers' reliance on the U.S. company to carry out payments

online.

A spokesperson for the German finance ministry declined to

comment on Friday when asked whether Europe should develop an

alternative to PayPal ( PYPL ) but said the recent incident showed the

importance of resilient systems of payment.

($1 = 0.8542 euros)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Form 8.3
Form 8.3
Nov 4, 2025
LONDON--(BUSINESS WIRE)--   FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the “Code”) 1. KEY INFORMATION (a) Full name of discloser: BALYASNY ASSET MANAGEMENT L.P. (b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee...
Form 8.3
Form 8.3
Nov 4, 2025
LONDON--(BUSINESS WIRE)--   FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the “Code”) 1. KEY INFORMATION (a) Full name of discloser: BALYASNY ASSET MANAGEMENT L.P. (b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee...
BRIEF-Novo Nordisk Submits Updated Proposal To Acquire Metsera
BRIEF-Novo Nordisk Submits Updated Proposal To Acquire Metsera
Nov 4, 2025
Nov 4 (Reuters) - Novo Nordisk A/S: * NOVO NORDISK SUBMITS UPDATED PROPOSAL TO ACQUIRE METSERA, INC. * CONFIRMS THAT IT HAS SUBMITTED AN UPDATED, UNSOLICITED PROPOSAL TO ACQUIRE METSERA * UPDATED PROPOSAL HAS BEEN DECLARED SUPERIOR BY METSERA'S BOARD OF DIRECTORS * TO BUY METSERA SHARES AT $62.20 PER SHARE * PROPOSAL SUBJECT TO TERMS OF PFIZER'S MERGER AGREEMENT...
MPLX to Supply MARA's Electric Power Plants in Texas With Natural Gas
MPLX to Supply MARA's Electric Power Plants in Texas With Natural Gas
Nov 4, 2025
09:44 AM EST, 11/04/2025 (MT Newswires) -- MPLX ( MPLX ) said Tuesday that it has signed a letter of intent with MARA (MARA) to supply natural gas to planned power plants and data center campuses in West Texas. Under the terms of the agreement, MPLX ( MPLX ) will supply natural gas supply from its processing plants in the...
Copyright 2023-2026 - www.financetom.com All Rights Reserved