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German banks halted 10 billion euros in PayPal payments on fraud concerns, says newspaper

A smartphone with the PayPal logo is placed on a laptop in this illustration taken on July 14, 2021. REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing Rights, opens new tabCompaniesBERLIN, Aug 27 (Reuters) - German banks blocked PayPal (PYPL.O), opens new tab payments totalling more than 10 billion euros ($11.7 billion) over fraud concerns, the Sueddeutsche Zeitung newspaper reported on Wednesday, without specifying its sources.The payments were halted on Monday after lenders flagged...

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