In the last quarter, PayPal has been translated more than 114 billion dollars
PayPal, the same service which is the leader among similar funds making digital payments, has published the report for the third quarter of 2017.
For the three months from July to September using PayPal had made payments worth more than 114 billion dollars. The figure is 30% higher than the third quarter of 2016, when PayPal was translated 87.4 billion dollars. The report authors note that about 35% of payments initiated from mobile devices. The amount of mobile payments for the year increased by 54%.
PayPal revenue for the reporting period amounted to 3,239 billion. This is 21% higher than a year ago. Given the change in the exchange rate, the increase is equal to 22%.
The company’s net profit for the year increased by 18% from 323 to 380 million dollars.