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PayPal on track to process $1 trillion in payments this year

November 3, 2020

Via: Charged

PayPal Holdings Inc. on Monday announced it had beat Wall Street estimates for its third quarter revenue and profits, thanks to a surge in digital payments.

The online payment specialist processed a total of $247 billion in payments in the third quarter, up 36 per cent from the same period last year.

PayPal also added 15.2 million net new active customers in that time, as the global pandemic meant shoppers were forced to stay home and more businesses expanded their operations online.

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