image credit: Pixabay

PayPal scraps account growth goal

February 2, 2022

In a one-two punch to its status as a major global digital payments processor, PayPal delivered disappointing fourth-quarter results Tuesday and a dimmer outlook for new customer and revenue growth this year.

The San Jose, California-based company reported fourth-quarter profits that fell below last year’s net income for the same period and cut its expectations for revenue growth this year in a surprise for Wall Street analysts.

Read More on Payments Dive