PayPal Holdings Inc. has announced its earned figures in its quarterly report for the third quarter, showing a notable increase in the company’s volume of total payment. According to its report, the company pulled in a $4.38 billion revenue, representing a 19% increase.Furthermore, the company’s earnings per share also increased, going higher than the proposed estimate by market analysts. Experts had estimated a 52 cents per share earnings but PayPal surpassed this, hitting 61 cents which is...
Read More »PayPal Entering China Market by Local Acquisition
The People’s Bank of China (PoBC) announced they are nit against PayPal’s desire to acquire a 70% equity state in GoPay (Guofubao Information Technology Co. [GoPay], Ltd.). With this step, Paypal is becoming the first international entity that will be offering its online payment solutions in China.GoPay mostly works as a provider of a number of payment products for various industries including cross-border commerce, aviation, tourism, etc.According to the information revealed by the company,...
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