wordpress blog stats
Connect with us

Hi, what are you looking for?

Paypal reports 227 M active customer accounts in Q4-2017

Paypal reported 227 million active customer accounts (of which 18 million were merchant accounts) for the quarter ending 31st December 2017 (Q4 2017), adding 8.7 million net new active accounts for the quarter. The company had 29 million net new adds for the full year. The company reported $3.71 billion in revenues in Q4, up 24% year-on-year (YoY). The Numbers Active User Base: 227 million active customer accounts, up 15% year on year. This includes -- million merchant accounts. These are accounts that have been active for 12 months. Net adds: 8.7 million net new active accounts added in the quarter, up 25% YoY. International: 52% of accounts are active outside the US Transactions per active customer account: 33.6, up 8% year on year. Transactions: 2.2 billion transactions, up by 0.3 billion from last quarter, and up 25% YoY. Total Payments Volume: $131.4 billion. Last quarter, it was $114 billion Average Payment Value: $60, up 6% year over year. Transaction revenue (transaction fees on payments) grew 23% year on year, while revenue from other value-added services grew 32%. Other value added services include interest, fees on PayPal Credit, loans receivable, subscription fees, gateway fees, revenue from partnerships etc. Mobile: In Q4, PayPal processed $48 billion in mobile payment volume, representing 53% growth year over year. For the full year, mobile represented approximately 34% of overall payment volume with total mobile payment volume growing 52% to approximately $155 billion for the year. P2P: 20% of Total Payments Value came from P2P (Venmo, Paypal and Xoom). Venmo, the social payments…

Please subscribe/login to read the full story.
Written By

Writes about e-commerce, social media, tech and Internet ecosystem.

Free Reads

News

Foreign fintech entities like Google Pay and PhonePe are dominating the UPI market and CCI has been urged to regulate this in the past.

News

During a recent discussion organized by the Council for Strategic and Defence Research, Berges Malu, the senior director of public policy and communications at...

Drones Drones

News

Once the system receives the required validation, five more such MDVs will be introduced into the Commissionerate Police fleet

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

NPCI CEO Dilip Asbe recently said that what is not written in regulations is a no-go for fintech entities. But following this advice could...

News

Notably, Indus Appstore will allow app developers to use third-party billing systems for in-app billing without having to pay any commission to Indus, a...

News

The existing commission-based model, which companies like Uber and Ola have used for a long time and still stick to, has received criticism from...

News

Factors like Indus not charging developers any commission for in-app payments and antitrust orders issued by India's competition regulator against Google could contribute to...

News

Is open-sourcing of AI, and the use cases that come with it, a good starting point to discuss the responsibility and liability of AI?...

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ