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Wireless

PayPal sales up 19%, adds 4.5 mln new users in Q1

Thursday 28 April 2016 | 08:48 CET | News
PayPal reported net revenues up 19 percent to USD 2.54 billion in the first quarter, with net income jumping 43 percent to USD 365 million, or 30 cents per share. The company added 4.5 million active customer accounts in the three months to 31 March, reaching 184 million at the end of Q1, while payment volumes were up 29 percent year on year to USD 81.06 billion on a constant currency basis. The former eBay subsidiary said the results were driven by improved customer engagement and new merchant partners. PayPal added that its social payment app Venmo continued to show strong growth,

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