Moreover, the growth prospects of the company in this promising market are likely to continue driving its financial performance in the near term. Per a report from Statista, the digital payment market is expected to hit a transaction value of $9.46 trillion in 2023 and reach $14.78 trillion by 2027, registering a CAGR of 11.8% between 20. PayPal’s increasing interest in the expansion of its payment solution offerings has been playing a vital role in strengthening its presence in the booming online payment industry. We note that the growing portfolio offerings will continue to drive PayPal’s customer momentum in the near term. It is available in 25 countries.įurther, PayPal introduced a feature that enables Venmo users to transfer cryptocurrencies to their friends and family seamlessly. customers to conveniently and securely send money directly to their friends & family’s eligible Visa debit cards. The features allow small businesses to accept payments made through PayPal, credit and debit cards, digital wallets, Venmo, PayPal Pay Later and Apple Pay.įurthermore, PayPal introduced Passkeys for Android devices, which deliver a secured log-in and password-free safe payment experience.Īdditionally, PayPal's subsidiary Xoom introduced Debit Card Deposit, which allows U.S. Quote Expanding Payment Solution OfferingsĪpart from its latest move, PayPal recently strengthened its payment solution offerings for small businesses by adding new features. price-consensus-chart | PayPal Holdings, Inc.
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