PayPal Says Profit Jump Flags Shift From Cash Payments in Stores — Hppy NEWS

Payments processor PayPal Holdings said on Wednesday that a surge in e-commerce transactions and new accounts that drove quarterly profits 86 percent higher was continuing and would support additional investments in mobile-payment tools. The news lifted the stock as much as 6 percent in after-hours trading. The stock, seen as an e-commerce investment play, was…

PayPal Says Profit Jump Flags Shift From Cash Payments in Stores — Hppy NEWS
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