PayPal reported a revenue growth of 18% to $2.667 billion for the quarter ended September, 2016 (Q3 2016). Its active customer base stands at 192 million, up 11% with growth of 19 million active customer accounts. During the quarter, it processed 1.5 billion transactions processed, up 24% and $87 billion in total payment volume (TPV) up 25%. “30 payment transactions per active account on a trailing twelve months basis, a 13% increase from a year ago.”, PayPal mentioned in its press release. Here are some of the notes from the call with analysts: Partnership with MasterCard: During the quarter, PayPal announced a deal with MasterCard, similar to the one with Visa last quarter, where its digital wallet will be accepted in all physical retail locations where MasterCard contactless transactions are enabled. In addition, PayPal will gain access to MasterCard's tokenization services, in the United States, for in-store PayPal transactions. The agreement gives PayPal certain economic incentives, including incentives for increased MasterCard volume, and greater long-term certainty on fees paid to MasterCard, and removes the threat of any fees or network rules being targeted solely at the company. Earlier it had been urging customers in the US to use Automated Clearing House (ACH), a network which processes net banking, to load money into their wallets. Tie up with Alibaba PayPal is now a payment option on Alibaba’s global retail marketplace, AliExpress. "This partnership has the potential to drive meaningful cross-border traffic, as PayPal consumers outside of China shop on AliExpress merchants in China," CEO Dan Schulman said in the call with…
