(Bloomberg) — PayPal Holdings Inc. saw spending on its platform surge as more merchants switched to online sales in the midst of the coronavirus pandemic.Total payment volume jumped 30% to $222 billion in the second quarter, topping the $208 billion average of analyst estimates and helping the company notch record revenue.Key InsightsThe technology giant has benefited from consumers’ desire to do more of their shopping online as they seek to limit the spread of the coronavirus pandemic. PayPal expects revenue to climb 25% in the third quarter while payments volume surges 30%. For the full year, PayPal said revenue should …read more
Source:: Yahoo Finance
