PayPal Holdings Inc beat Wall Street estimates for quarterly profit and said U.S. users of its peer-to-peer payment service Venmo would be able to pay on Amazon.com starting next year.
The company said the move was aimed at giving customers “more choice and flexibility" to purchase crypto.
PayPal and Synchrony are teaming up to launch a Venmo credit card – enabling customers to split purchases and pay bills directly in the Venmo app.
"Klarna is very user-oriented and does some things better than Paypal."
iZettle announced its $2.2 billion acquisition by PayPal a day before it was due to publish its IPO documents.
John Rainey, PayPal's CFO, discusses growth opportunities for the payments processor as it transitions away from eBay.
Like many Day 1 Uber investors, PayPal's investment in the ride-hailing giant has yet to pay off.
Business Insider Intelligence forecasts the expansion of autonomous checkout stores and their payments volume over the next five years.
Uber said PayPal was buying $500 million in stock at IPO price.