PayPal adds 6.5 mln customers, revenues jump 18% in Q2

Thursday 27 July 2017 | 14:19 CET | News
Digital payments platform PayPal said revenues jumped 18 percent from the year before to USD 3.136 billion in the second quarter, while the net profit leaped 27 percent to USD 411 million or 34 cents per share. The results were again driven by higher payment processing volumes and user growth, with the company adding 6.5 million active customers in the quarter to 210 million customer accounts, including 17 million merchant accounts. PayPal also announced a new partnership with Baidu that will allow Chinese consumers to pay with Baidu Wallet and PayPal at PayPal merchants outside of China. 

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.


Already registered?

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Internet / Mobile & Wireless
Companies: Ebay / PayPal
Countries: World
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Baidu's Q3 revenues grow 29%, profit jumps 156%

Published 27 Oct 2017 08:54 CET | China
Chinese language internet search provider Baidu saw its total revenues reach CNY 23.5 billion (approximately USD 3.53 billion) ...

PayPal revenues climb 21% to USD 3.2 bln in Q3, raises guidance

Published 20 Oct 2017 09:25 CET | World
Digital payments platform PayPal said revenues soared 21 percent year on year to USD 3.239 billion in a strong third quarter, ...

PayPal voegt 6,5 mln nieuwe klanten toe, omzet stijgt met 18 procent in Q2

Published 27 Jul 2017 16:17 CET | World
In totaal kwamen er in Q2 6,5 miljoen actieve klanten bij waardoor het totaal steeg naar 210 miljoen, inclusief 17 merchant ...

Visa, PayPal partnership extended to Europe

Published 18 Jul 2017 15:46 CET | Europe
Visa and PayPal extended their strategic partnership to European consumers and businesses. The two companies are already ...

PayPal available as payment method within Samsung Pay

Published 17 Jul 2017 17:45 CET | World
Samsung Electronics added PayPal as a payment method within Samsung Pay wherever Samsung Pay is accepted – in-app, online and ...

Macedonia to allow payments over PayPal

Published 17 Jul 2017 11:16 CET | North Macedonia
Macedonia has approved the receipt of payments over PayPal in the country. The Ministry of Finance will contact PayPal to launch ...

Apple enables PayPal for app store purchases

Published 12 Jul 2017 13:40 CET | Europe
PayPal and Apple have inked a deal, making it possible to use PayPal to pay for purchases on the App Store, Apple Music, iTunes ...

Chinese mobile payment giants setting their sights beyond China

Published 03 Jul 2017 09:43 CET | China
Where Chinese were paying with cash before other civilisations were, they are now taking the lead in mobile payments. It ...

PayPal revenues up 17%, adds 6 mln new users in Q1

Published 27 Apr 2017 11:50 CET | World
Digital payments platform PayPal reported net revenues up 17 percent year on year for the second consecutive quarter to USD 2.98 ...