The eCommerce arena continues to thrive against the brick-and-mortar physical locations in retail. As a result, mobile and online payment companies have done increasingly well over the past decade.
One company that saw a boost to its earnings in Q1 is payment giant PayPal.
Here are the numbers:
$2.975 billion | 2017 Q1 revenue
17 percent | Year-over-year revenue increase
6 million | New PayPal accounts added in 2017 Q1
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32 percent | Transactions increase per active account
7.4 percent | Increase in after-hours trading
