Advertisement
New Zealand markets open in 9 hours 49 minutes
  • NZX 50

    11,946.43
    +143.15 (+1.21%)
     
  • NZD/USD

    0.5961
    +0.0024 (+0.40%)
     
  • NZD/EUR

    0.5558
    +0.0012 (+0.22%)
     
  • ALL ORDS

    7,937.50
    -0.40 (-0.01%)
     
  • ASX 200

    7,683.00
    -0.50 (-0.01%)
     
  • OIL

    83.00
    +0.19 (+0.23%)
     
  • GOLD

    2,340.90
    +2.50 (+0.11%)
     
  • NASDAQ

    17,526.80
    +55.33 (+0.32%)
     
  • FTSE

    8,096.82
    +56.44 (+0.70%)
     
  • Dow Jones

    38,460.92
    -42.77 (-0.11%)
     
  • DAX

    17,998.31
    -90.39 (-0.50%)
     
  • Hang Seng

    17,284.54
    +83.27 (+0.48%)
     
  • NIKKEI 225

    37,628.48
    -831.60 (-2.16%)
     
  • NZD/JPY

    92.6880
    +0.5730 (+0.62%)
     

How PayPal’s Venmo App Is Boosting Its Revenue Growth

How PayPal’s Venmo App Is Boosting Its Revenue Growth

Payment company PayPal (PYPL), which spun off from eBay (EBAY) in 2015, delivered 14.0% revenue growth to $3.68 billion in the third quarter. This growth topped analysts’ estimates of $3.66 billion. However, this growth could have reached 21.0% if the company had not sold PayPal’s US consumer credit portfolio to Synchrony Financial (SYF) in July.