PayPal Sees Growth After UBS Conference
Shares of PayPal (NASDAQ:PYPL) Holdings experienced a 2% increase following the company’s presentation at the UBS Global Technology and AI Conference.
The digital payments giant reaffirmed its comfort with the previously issued guidance, anticipating mid-single-digit growth for the quarter.
During the conference, PayPal highlighted its strong performance over the Cyber Five days—a critical period for retail and online shopping—despite the later-than-usual timing of the Christmas holiday and Cyber Five this year.
The company emphasized that its branded checkout remains the top priority, with significant investments channeled towards enhancing consumer experiences and merchant integration.
PayPal also reported robust engagement with U.S. consumers, supported by improvements to the PayPal app and the overall experience for both consumers and merchants.
Looking ahead, PayPal anticipates continued international growth in the next year, planning to roll out improvements globally. This strategy underscores the strength of PayPal's international presence.
In a move to expand its services and increase transaction frequency, PayPal introduced "Buy Now PayPal Later" to its offerings and launched "PayPal Everywhere." This initiative aims to boost debit card transactions through branded checkout.
Additionally, PayPal's "Pay With Venmo" feature, allowing Venmo users to use their balances in branded online transactions, is now available with major merchants such as StubHub and TikTok.
PayPal also revealed that its latest modern integration has provided merchants with up to a 400 basis points uplift in conversion rates, particularly performing well on mobile platforms. Currently, only 5% of transaction flow benefits from this enhanced experience, indicating significant growth potential.
This article was generated with the support of AI and reviewed by an editor. For more information, see our T&C.
Comments (0)