PayPal to stop India payment services from April 1 - Global digital payment platform PayPal on Friday decided to wind down its domestic payment services in India from.
From April 1, the company will focus all its attention on enabling more international sales for Indian businesses, and shift focus away from its domestic products in India.
Digital payment solutions provider sait that it will instead focus on enabling more international sales for Indian businesses. From April 1, the company will focus all its attention on enabling more international sales for Indian businesses, and shift focus away from its domestic products in India, PayPal said.
PayPal Releases Fourth Quarter & Full Year 2020 Results
PayPal Holdings, Inc. (NASDAQ: PYPL) announced this week the release of its fourth quarter and full-year 2020 results. Despite the COVID-19 pandemic, PayPal reported that 2020 has the strongest performance in the payment platform’s history, with Total Payment Volume (TPV) being $936 billion, growing 31% on a spot and FX-neutral basis (FXN) basis.
PayPal also revealed that revenue for 2020 was $21.45 billion, growing 21%, and 22% FXN. Other highlights include:
GAAP EPS of $3.54, up 71% and non-GAAP EPS of $3.88, up 31%
~$5.9 billion in Operating Cash Flow and ~$5.0 billion in Free Cash Flow
Added 72.7 million NNAs
PayPal Fourth Quarter Highlights include:
Total Payment Volume (TPV) of $277 billion, growing 39%, and 36% on an FX-neutral basis (FXN); revenue of $6.12 billion, growing 23% on a spot and FXN basis