#Payments / PayPal Has Best Quarter Since IPO as Digital Payments Take Hold

[CEO:] “I’m pleased to say that PayPal just had its strongest quarter since becoming an independent public company five years ago… Simply put, our business has never been more relevant and important than it is today”… merchants have also been critical to the company’s record breaking year so far, more merchants than ever before are going digital first;

PayPal ended the second quarter with over 346 million active accounts and more than 26 million merchants, it expects to achieve a total of 70 million net new actives for 2020.