Payments News

PayPal Hits 305M Active Users In Q4, Cautions Future Economic Uncertainty

Jan 30, 2020

PayPal put on a strong finish to 2019, managing to beat analyst estimates nearly across the board in terms of revenue, active usership and total payments volume processed. However, despite a solid holiday quarter, the digital payments giant found stock trading concerns about its Q1 forecasts. Chief Financial Officer John Rainey commented that there are some concerns about economic uncertainty to warrant caution, despite trends currently remaining strong.

“There’s always a certain amount of trepidation that exists about the macroeconomy,” Rainey said on a call with analysts.

By PYMNTS

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