PayPal is back on track
PayPal is in our portfolio because it is a quality tech giant with fast growth engine at its core. All the updates needed to track the progress of this quality company are in this update.
The price increase delay and slower than expected roll-out in Latin America which stumped PayPal's (US: PYPL) expectations at the interim stage seem to have been forgotten. Third quarter financial results beat expectations across the board, sending the share price up sharply.
In the three months to September 2019, PayPal became the first international payments company to gain a license in China, which helped it add 9.8m new customers in the period (more than the 9m added in the previous quarter). The company also completed more 1bn transactions per month for the entire quarter for the first time.
The outlook for the…
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