Volumes on Paypal’s Buy Now, Pay Later Platform Jump 400% — Report
06 December 2021 - 11:56PM
TipRanks
According to a report published by Reuters, Paypal Holdings, Inc.’s
(PYPL) CEO Dan Schulman said that volumes on the company’s buy now,
pay later platform increased five-fold year-over-year on Black
Friday, which was on November 26, 2021. California-based Paypal is
a digital payments platform with operations in the majority of the
countries. Its solutions include PayPal, PayPal Credit, Braintree,
Venmo, Xoom, iZettle and Hyperwallet. The company’s shares closed
1.7% lower on Friday. They were trading 1.5% down, at the time of
writing, in the pre-market trading session on Monday. CEO Comments
“We saw a 400% year-on-year rise on our volumes going through 'buy
now, pay later' this past Black Friday.
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