Shares of PayPal (NASDAQ:) Holdings saw 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 being channeled towards enhancing consumer experiences and merchant integration.
PayPal also reported robust engagement with U.S. consumers, which has been supported by improvements to the PayPal app and the overall experience for both consumers and merchants.
Looking ahead, PayPal is anticipating continued international growth in the next year, as it plans 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 pay sheet and launched “PayPal Everywhere.” This initiative aims to boost debit card transactions through the branded checkout.
Additionally, PayPal’s “Pay With Venmo” feature, which allows Venmo users to use their Venmo balance 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, performing particularly well on mobile platforms. With only 5% of transaction flow currently benefiting from this enhanced experience, PayPal sees a significant opportunity for growth in this area.
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