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How retailers helped PayPal beat expectations

PayPal mobile app being used on a phone

PayPal’s better-than-forecast fourth quarter results are not a surprise to us.

In December, we wrote that the company was likely to be a big winner from the increase in online purchasing over Christmas. Data from ‘Cyber Monday’ revealed that retailers collected an estimated $2.8bn of revenue between 10pm and 2am on 2 December, with many transactions being completed online. As the world’s largest online payments provider with the fastest growing mobile platform, PayPal (US: PYPL) was bound to benefit. You can read our full pre-Christmas…

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