PayPal Aspires to Reach 1 Billion Users

PayPal (NASDAQ: PYPL) ended the year with 305 million active accounts, but CEO Dan Schulman thinks there's a lot of room left to grow.

"Our aspiration is to have a billion people on our platform," Schulman said at a recent investors conference.

Schulman was clear this was merely an aspiration for the company -- not an outlook -- but he thinks it's a good medium-term goal for the company. PayPal's added 143 million active accounts over the last five years.

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Source Fool.com