How Does Inflation Affect PayPal's Business?
Inflation has taken the financial markets by storm. Unprecedented government stimulus to spur economic growth following the depths of the pandemic led to a quick and unexpected rebound in consumer demand, particularly at a time when global supply chains were operating well below their full capacity. The result is higher prices all across the economy.
Even a business such as PayPal (NASDAQ: PYPL), which benefits from the broad secular growth of e-commerce and digital payments and possesses a superb financial profile, is not immune from the effects of soaring inflation.
Here's why the current state of affairs is a big headwind for the fintech pioneer.
Source Fool.com
