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PayPal Is Doing Really Well After Splitting up With Ebay Dan Schulman is happy with the results

PayPal Is Doing Really Well After Splitting up With Ebay

2016-01-28 12:22

The payment company PayPal was spun out from the mother ship Ebay in July 2015. Since then the company has been doing well financially.

Today PayPal disclosed the fourth quarter earnings of 2015 and we get a clear picture of the year of the separation with Ebay.

The Internet payment giant is doing much better than its brother Ebay, that reported negative growth 2015.

Grew 19 Percent

PayPal beat their own guidance at 15-18 percent growth and delivered a revenue increase of 19 percent. For the full year PayPal posted a revenue of $9,24 billion. The company at the same time generated more than $1.8 billion in cash in 2015.

The payment volume for 2015 was $282 billion, an increase of 27 percent. Both of these metrics accelerated during the forth quarter. PayPal acquired more customers in the fourth quarter than any quarter in the company's history.

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- These numbers cap a milestone year for PayPal. In 2015, we completed our separation from eBay and celebrated the beginning of a new era as an independent company, said Dan Schulman, President and CEO, PayPal.

179 Million Active Users

PayPal is also proud over that they advanced in mobile payments with services like Venmo and Braintree. 28 percent of the 5 billion transactions processed during last year were through mobile devices.

Active PayPal-accounts is now at 179 million according to the company.

- To merchants, PayPal is now much more than a payment button on a website. Today, they look to us to provide a full range of payment and commerce solutions that include the capability to process all payment types from any platform and that extends across shopping experiences in stores, on the web, and on mobile devices, said Dan Schulman.

15 Million Using One Touch

PayPal is also pushing its new payment option One Touch that is designed to make mobile payments very smooth, with just one touch.

- One Touch is at the forefront of the transformation of commerce that PayPal is driving for consumers and merchants. More than 15 million consumers have opted-in since it launched six months ago, and they are using it to shop with more than 1 million merchants, said Dan Schulman.

Julius Gunnilstam

Editor-in-chief

Born computer engineer - today e-commerce expert and the leader of the editorial team at Ecomony. Been writing about e-commerce for six years.

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