PayPal sees no letup for online shopping even with reopenings

PayPal has grown immensely during the pandemic, adding 5.3 million new merchants to its platform as consumers were forced to shelter in place and businesses shut their doors. — Reuters

PayPal Holdings Inc said there’s been no slowdown in online shopping even as cities around the world begin to reopen.

“Even as people get vaccines and start to go out, their business will forever be changed,” chief executive officer Dan Schulman said in an interview with Bloomberg News reporters and editors Monday. “I don’t think there’s any going back to what was.”