2023-12-22 06:50:00 ET
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.
For further details see:
Forget Venmo: This Booming Segment Is Driving Growth for PayPal