Forget Venmo: This Booming Segment Is Driving Growth for PayPal
(NASDAQ: PYPL) is unique in the fintech and payments space in that it has products and services that cater to different customer groups, including individuals, small businesses, and larger enterprises. A history of success and a trusted brand certainly help attract new business.
Investors are likely familiar with Venmo, the personal financial tool that helps facilitate easy peer-to-peer transactions. This single service handled $68 billion of total payment volume (TPV) in the last three months, a massive sum.
But while Venmo is important for PayPal, another segment has been driving some serious growth for the business. Here's what investors should know.
Source Fool.com
Paypal Holdings Inc Aktie
61,64 €
-0,42 %
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