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Paypal reports 210 M active customer accounts in Q2-2017; Payments OS

Paypal reported 210 million active customer accounts (of which 17 million were merchant accounts) for the quarter ended 30th June 2017 (Q1-2017), adding 6.5 million net new active accounts for the quarter. The company had targeted 20 million net new adds for the year, and now has increased its guidance to 25 million. The company reported $3.136 billion in revenues, the first time it has crossed the $3 billion mark in a quarter. The Numbers Active User Base: 210 million active customer accounts, up 12% year on year. This includes 17 million merchant accounts. These are accounts that have been active for 12 months. Net adds: 6.5 million net new active accounts added in the quarter. Last quarter, it added 6 million net new accounts. International: 53% of accounts are active outside the US Transactions per active customer account: 32.3, up 10% year on year. Transactions: 1.8 billion transactions, up from 1.7 billion last quarter, and up 23% YoY. Total Payments Volume: $106 billion. Last quarter, it was $99 billion, and this is the first time they've crossed $100 billion in total payments volume. Average Payment Value: $60, up 1% year on year. Transaction revenue (transaction fees on payments) grew 20% year on year, while revenue from other value-added services grew 19%. Other value added services include interest, fees on PayPal Credit, loans receivable, subscription fees, gateway fees, revenue from partnerships etc. Mobile: 34% of payment volume for Paypal came through a mobile device. Last quarter, it was 32%. Payment volume on…

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Founder @ MediaNama. TED Fellow. Asia21 Fellow @ Asia Society. Co-founder SaveTheInternet.in and Internet Freedom Foundation. Advisory board @ CyberBRICS

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

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