PayPal chief defends long-term strategy after sales miss
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Seattle
PAYPAL Holdings Inc chief executive officer Dan Schulman defended his strategy of inking deals with big merchants and smartphone app providers, and offering free peer-to-peer payments as investors sent shares down on concerns the efforts are hurting the company's quarterly profit.
PayPal, in its first quarter as a stand-alone company separate from eBay Inc, said that it added four million accounts to reach 173 million users. Its total payments volume gained 20 per cent to US$69.7 billion from a year earlier.
Share with us your feedback on BT's products and services
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
20 photos that show how dramatically Singapore has changed in two decades
Singapore’s key exports up 15.3% in March from electronics surge, exceeding forecasts
