PayPal reported its second-quarter results on July 28, saying total payment volume reached $486.4 billion for the three months ended June 30.
Summary
- PayPal processed $486.4 billion in second-quarter payment volume, rising 10% from the prior year period.
- The company created Payment Services & Crypto, grouping PYUSD with Braintree and merchant processing operations.
- PYUSD supply stood near $2.7 billion, below the more than $4 billion recorded in March.
That was up 10% from a year earlier, or 9% on a currency-neutral basis. The company also placed stablecoins inside its formal innovation plan and confirmed a three-business structure that includes Payment Services &…
