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.”

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Tech News

Atos creditors reach deal to rescue debt-laden group, La Tribune says
In an online world, a new generation of protesters chooses anonymity
After two winsome Ori games, a pivot into dark fantasy
Teenager in China dies of heart attack after teacher forces her to exercise, insists illness is ‘fake’, delays first aid, enrages mainland social media
NoSpace is Gen Z’s answer to MySpace
What if customers were rewarded for tipping their meal delivery drivers?
Reddit CEO beneficially owns 61.5% of class A shares, regulatory filing shows
Exclusive-Stanford AI leader Fei-Fei Li building 'spatial intelligence' startup
Tech platforms make pitch for ad deals as TikTok is roiled by politics
Intesa targets new digital-only clients after antitrust blow

Others Also Read