PayPal's Billion-User Aspiration Is Now Within Its Sights
About a year ago, PayPal (NASDAQ: PYPL) CEO Dan Schulman was talking about his aspiration for the digital wallet to reach one billion users transacting on the app daily. The company was coming off a fantastic year in which it added 37 million net new active accounts and increased transaction volume per account by about 10%. But at just over 305 million accounts, one billion seemed like a pipe dream.
Less than a year later, at PayPal's investor day, Schulman and his executive team laid out plans to reach 750 million active accounts in five years. And management showed a clear path for how the company will get there and how it can keep growing beyond that number.
Image source: PayPal.
Source Fool.com
