3 Reasons PayPal's Taking Share of Online Checkout
Lots of consumers have shifted their spending online amid the coronavirus pandemic. Visa and Mastercard reported 18% and 20% increases, respectively, in card-not-present spending (excluding travel) for the month of April.
PayPal (NASDAQ: PYPL) grew branded transactions more than twice as fast -- up 43% in April, CEO Dan Schulman said during its first-quarter earnings call. That's a good indication it's taking significant share of online checkouts.
When asked how PayPal is managing to grab market share despite a constant influx of competition for online checkout, CEO Dan Schulman gave three reasons: scale, technology, and brand.
Source Fool.com
