PayPal places digital wallets at the forefront of future company growth

April 27, 2022, 6:35PM EDT · 1 min readPayPal's CEO stressed during the company's quarterly earnings call on Wednesday that digital wallets will play a key role in the digital payment firm's future growth.

Schulman cited several statistics as the rationale: more than 50% of the PayPal base uses the company’s digital wallet, customers who use the digital wallet transact 25% more at checkout than users who don’t, and over 70% of buy now pay later users did it through the firm’s digital wallet.

This is pretty much un news

PayPal deplatformed/suspended people during the scamdemic for having non-leftist views. They deserve to go bankrupt and follow the path of Netflix and others that chose wokism and authoritarianism, not freedom of speech. Will never use their products ever.

We have faith in OpenWorldVision. The Metaverse's Future $OPEN Metaverse Defi Blockchain Gamefi

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Venmo owner PayPal is one of the worst stocks of 2022Sending money to pay for things via Venmo may be all the rage among smartphone-addicted millennials and Gen Zers. But it hasn't been enough to boost Venmo owner PayPal as of late. The digital payments giant is one of the worst performing stocks in the S&P 500 this year. Shares have plunged more than 55% so far in 2022.
Fonte: DailyFX - 🏆 305. / 63 Consulte Mais informação »

PayPal cuts earnings outlook, but user growth quells some fearsPayPal’s revenue and user growth came in slightly ahead of expectations Wednesday, but $PYPL cut its outlook for the full year. The company posted Q1 net income of $509 million, down from $1.1 billion, in the year-earlier period.
Fonte: MarketWatch - 🏆 3. / 97 Consulte Mais informação »