ICYMI: PayPal CEO says firm to ‘double down’ on digital wallet efforts
April 27, 2022, 6:35PM EDT · 1 min readPayPal's CEO stressed during the company's quarterly earnings call on Wednesday that digital wallets will play a key role in the digital payment firm's future growth.
Schulman cited several statistics as the rationale: more than 50% of the PayPal base uses the company’s digital wallet, customers who use the digital wallet transact 25% more at checkout than users who don’t, and over 70% of buy now pay later users did it through the firm’s digital wallet.
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