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PayPal looks to stock trading, savings in push past checkout

February 12, 2021


PayPal Holdings Inc. is weighing a foray into stock trading and high-yield savings accounts as the firm pushes beyond its iconic checkout button.

The payments giant expects the number of active users on its sprawling platform to climb to 750 million by the end of 2025 — roughly double the current level — as it expands into new areas of financial services, Chief Executive Officer Dan Schulman said Thursday at the company’s investor day. With its latest plans, PayPal aims to become the world’s next financial super-app, akin to Chinese firms Alipay and WeChat Pay.

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