How PayPal Is Growing Its Digital Payments Business
The pandemic turned life upside down and inside out last year, and some of the most pronounced changes it wrought were on our shopping habits. Consumers in general shifted rapidly to using e-commerce for everything from groceries and entertainment to hand sanitizer and face masks.
As a result, PayPal (NASDAQ: PYPL) had one of the best years in its history. But the future looks even brighter for the fintech company.
PayPal is popular among online shoppers, but it has also made efforts in recent years to expand its in-store presence. This is for two reasons: First, management estimates PayPal's offline retail market opportunity will reach $8 trillion by 2025. And second, by powering both online and offline payments, PayPal can more deeply engage with consumers.
Source Fool.com
