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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PayPal (NASDAQ:PYPL)
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