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PayPal grows sales 15% in Q2, signs new deal with Visa

Friday 22 July 2016 | 09:56 CET | News
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PayPal reported second-quarter sales up 15 percent year-on-year to USD 2.65 billion. The value of payments rose 29 percent to USD 86.2 billion, and active customers accounts increased 2 percent to 188 million. The company finished the quarter with a net profit of USD 436 million, up 10 percent from a year ago. PayPal forecast Q3 sales up 16-18 percent to USD 2.62-2.67 billion and expects to achieve annual sales of USD 11 billion. The company also announced a new partnership with Visa to make PayPal payments at physical locations. Using Visa's tokenization services, starting in the US,

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Categories: Internet
Companies: PayPal / Visa
Countries: World
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