PayPal reports strongest quarterly growth in payment volume - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 44 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 51%

Ireland News News

PayPal reported its strongest-ever quarterly growth in payment volume in Q4 with $277 billion as the pandemic fueled online transactions

"Consumers no longer want to handle cash," Schulman said on the call. He also touched on Venmo users cashing their stimulus checks in the app, which PayPal acquired in 2013.While PayPal reported a record-breaking quarterly growth rate in total payment volume, growth in other areas appears to have slowed slightly compared to earlier in 2020.

PayPal reported 16 million net new active users in Q4 compared to 20.2 million in Q1 2020. In April 2020 alone, PayPal gained , a new record for the digital payment company. The company saw its strongest quarter in PayPal's history in Q2, during the first few months of the pandemic, adding 21.3 million net new active users. These 8 PayPal execs are leading the company during a record period of growth as e-commerce and digital payments boom

PayPal said the company ended 2020 with a total of 377 million active accounts and expects to add 50 million net new active accounts in 2021. The company also noted that it signed on a slew of new merchants in 2020, including Footlocker, Levi's, Macy's, Uniqlo, and others.LoadingBy clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

I did my research properly lisaMakT i must confess nobody handled business like you do I'm privileged to work with you, one of the best traders on here.

Why was Trump banned?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines