PayPal ties up with Visa to extend reach
Online payments system company raises full-year 2016 revenue guidance to US$10.75-10.85b, projects 16% growth
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PAYPAL Holdings Inc on Thursday showed strong growth in its online payments business, meeting Wall Street earnings expectations and announcing a partnership with Visa Inc that is expected to boost the reach and revenue of the money-moving service.
The deal is intended to make it easier for customers to use Visa credit and debit cards in PayPal transactions and allow shoppers to use PayPal in brick-and-mortar retail locations.
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