• Market Realist8 hours ago

    What Drives PayPal’s Active Consumer Accounts

    PayPal (PYPL) exhibited strong growth in its user base. Its number of active accounts rose by 11% YoY (year-over-year) to 188 million in 2Q16.

  • Reuters3 months ago

    As Australian banks snub remitters, digital players emerge

    Digital money transfer companies including PayPal Holdings are rushing to grab a share of Australia's $35 billion remittance market, hoping to plug a vacuum left by the major domestic banks' exit from the space last year. U.S.-listed PayPal intends to roll out its online remitting platform Xoom into Australia soon, senior executives told Reuters, while U.K.-based WorldRemit in April said it had chosen Australia as its Asia-Pacific base.