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PayPal excites investors as partnerships deliver strong growth

Q1 results above projections indicate CEO's strategy to convert into a digital wallet is working

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Mr Schulman wants PayPal customers to use their smartphones to pay for goods in physical stores, and has been cutting deals to increase the places where PayPal is accepted.

Seattle

PAYPAL Holdings Inc chief executive officer Dan Schulman is getting investors to embrace his strategy of converting the online payments platform into a digital wallet, even if it requires deal-making that diminishes profit margins.

The company reported first-quarter results

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