PayPal Expects to Exceed 400M Active Accounts by End of Q2
PayPal believes the “shift” in consumer behavior to e-commerce will stay “essentially unchanged in a post-COVID world,” said CEO Dan Schulman on a Q1 call Wednesday. “Consumers have expanded their digital lives into a seamless online and off-line experience.” Shaping…
Sign up for a free preview to unlock the rest of this article
Communications Daily is required reading for senior executives at top telecom corporations, law firms, lobbying organizations, associations and government agencies (including the FCC). Join them today!
a future “where everyone can participate fully in this new digital paradigm has never been more important,” he said. PayPal transactions in the quarter reached about 4.4 billion, growing 34% year over year, said Schulman. It added 14.5 million net new active accounts, ending the quarter with 392 million, up 21% from Q1 2020, he said. It expects to exceed 400 million active accounts by the end of Q2, he said.