This leads to $2.65 bn for Q2 2016. The company ended the quarter with more than 188 mn active accounts and processed 1.4 bn transactions. Total payment volume processed was $86 bn, up 28% year-on-year. PayPal also announced that it is getting into offline payments through a partnership with card network Visa. Through this partnership, PayPal’s digital wallet will be accepted in all physical retail locations where Visa contactless transactions are enabled.

PayPal reports 15% revenue growth

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