PayPal profit tops estimates on digital payments boom


FILE PHOTO: The PayPal app logo seen on a mobile phone in this illustration photo October 16, 2017. REUTERS/Thomas White/Illustration

(Reuters) -PayPal Holdings Inc reported its strongest first quarter on record and beat profit estimates on Wednesday, with a coronavirus-driven shift to online shopping and digital transactions boosting payment volumes.

PayPal's quarterly performance builds on an equally strong 2020 for the company, which also saw record levels of payment volumes.

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