How retailers helped PayPal beat expectations
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 analysis here.
More recently we pointed to the fact that financial technology and online payments are in rapidly rising demand. PayPal added 37.3 million active accounts…
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