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PayPal Shuts Down Its Domestic Payments in India; Small Businesses Optimistic About 2021: News Roundup

2/12/2021

PaymentFacilitator’s News Roundup is a curated mix of the past week’s news and articles from around the web, including company announcements, global payments news, and other coverage and analysis of topics relevant to payment facilitators.

PF QUARTERLY EARNINGS

Total payment volume for PayPal grew 31% during its fiscal year 2020 to $936 billion, performance the company described as the strongest in its history. It added 72.7 million net new active accounts during the time period, it said. “PayPal delivered a record performance in 2020 as businesses of all sizes have digitized in the wake of the pandemic. In this historic year, we released more products than ever before and have dramatically scaled our acceptance worldwide, giving our 377 million consumer and merchant accounts even more reasons to use our platform,” Dan Schulman, president, and CEO, said. From PayPal.

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