PayPal's Momentum Is Spreading Across the World
With the stock price drifting lower in recent months amid the trade war and macroeconomic concerns, PayPal (NASDAQ: PYPL) delivered exactly what investors were hoping for in its third-quarter report. In short, the digital payment provider continues to expand its platform of services to new users and is posting stellar growth rates for revenue and profits in the process.
Recent partnerships and acquisitions helped total payment volume slightly accelerate last quarter, and the company announced a smorgasbord of new partnerships that point to more growth.
PayPal's Venmo saw payment volume increase 64% in the third quarter. Image source: PayPal Holdings.
Source Fool.com
