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PayPal Integrates With Selfbook, Transforming Hotel Booking and Payment Efficiency

by THEFUTURE.TEAM

June 9, 2025

Streamlined Booking Begins Within the PayPal App

PayPal has strategically partnered with Selfbook, a leading hotel payment provider, to embed a comprehensive hotel search and booking functionality directly within its app. This move promises to simplify the traditionally fragmented travel payment process by eliminating the need to switch platforms during hotel reservations.

Unified Payment Solutions and Enhanced User Benefits

The integration allows users to navigate to the Offers section within the PayPal app, filtering hotel options by travel dates and guest counts. Beyond a seamless search experience, travelers can pay using PayPal at checkout and even utilize the Buy Now, Pay Later option for select properties, all while benefiting from exclusive discounts tailored to in-app users.

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Expanding Ecosystem and Revenue Streams

For PayPal, this initiative not only broadens its service suite but also capitalizes on a significant trend, with an observed 84% increase in online travel payments via its platform. The partnership further extends to enabling Selfbook to integrate PayPal’s enterprise payment suite for processing credit card transactions, thereby offering hotels a commission-free payment solution that enhances direct guest engagement and improves revenue margins.

Future Innovations in Travel and Technology

Additionally, Selfbook is set to embed its payment checkout products into workflows outside the PayPal app and has recently adopted PayPal as a key payments partner within Perplexity’s AI-driven hotel booking interface. As noted by Khalid Meniri, Selfbook’s co-founder and CEO, this consolidation of the search, booking, and payment processes addresses longstanding industry challenges by streamlining interactions between travelers and hotels, ultimately fostering a more direct and profitable customer relationship.

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€100 Million Approved for 2013 Crisis-Affected Depositors: What’s Next?

by News Editor

June 12, 2025

Recently, the Cyprus cabinet gave the green light to a substantial €100 million allocation aimed at addressing the losses suffered by depositors affected by the 2013 financial crisis. This initiative is part of the 2025 national solidarity fund.

Finance Minister Makis Keravnos announced that the beneficiaries for 2025 include individuals whose deposits and securities experienced an infamous ‘haircut’ due to stabilization measures during the crisis, particularly involving the Bank of Cyprus and Laiki Bank.

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Who Benefits?

The reimbursement scheme allows partial compensation for the impacted individuals, with a maximum uninsured amount of €1,000,000 considered per impairment category. Additionally, the total cumulative reimbursement per person caps at €100,000. The initiative is poised to provide relief to approximately 13,000 people.

The net loss replacement will have a 10% rate for deposits lost at Laiki Bank and different rates for the bonds and deposits at the Bank of Cyprus—a 3.61% rate to be precise.

Path to Compensation

Eligible applicants will need to complete an online application process in June to confirm their entitled compensation amounts. The 2013 fiscal turmoil led larger depositors to shoulder the recapitalization of the Bank of Cyprus, with significant portions of uninsured deposits being converted into shares or wiped out entirely.

While the total verified losses for depositors and bondholders stood at €2 billion back then, this new scheme signifies a critical step towards repairing historical financial disruptions in the country.