Persistent competition likely to keep pressure on PayPal, analysts say

Quick Summary:

As PayPal embarks on an ambitious turnaround strategy to revitalize growth after a post-pandemic slump, Wall Street analysts expressed some caution over competition from big-tech and beyond.

The company on Tuesday raised its forecast for full-year adjusted profit for the second time.

Andrew Jeffrey, analyst at brokerage William Blair, said Apple Pay is "increasingly ubiquitous".

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Article Details

Category: EconomyBusiness

Markets: Singapore

Topics: Enjoyed Card Profit Taken Apple Payments Share Company Competition Analysts Paypal

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-31 @ 19:01:40 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 349 words

Reading Time: 2 minutes read

Sentences: 16 lines

Sentence Length: 22 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 21871510

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Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

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