Alternative payment methods surge in popularity for online purchases in Philippines, reveals GlobalData [Yahoo! Finance]
PayPal Holdings, Inc. (PYPL)
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Source: Yahoo! Finance
Philippines, alternative payments are increasingly being preferred. Alternative payment solutions collectively accounted for over one-third share in the overall e-commerce payments in 2023, reveals GlobalData, publishers of EPI. According to GlobalData's 2023 Financial Services Consumer Survey, 88.2% Filipino consumers reported having shopped online in the past six months, while only 7% stated that they never shopped online. GlobalData E-Commerce Analytics GlobalData's E-Commerce Analytics reveals that an increasing number of consumers in the Philippines are opting the convenience of online shopping. The Filipino e-commerce market grew by 27.8% in 2023 to reach PHP1.1trn ($20.6bn), driven by a large young population and rising internet and smartphone penetration. The e-commerce market is expected to continue the strong momentum and is estimated to grow by 23.3% to reach PHP1.4trn ($25.4bn) in 2024. Kartik Challa, Senior Banking and Payments Analyst at GlobalData, said: “Philip
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PYPL
News
- PayPal Holdings, Inc. (NASDAQ: PYPL) had its "neutral" rating re-affirmed by analysts at The Goldman Sachs Group, Inc.. They now have a $69.00 price target on the stock.MarketBeat
- PayPal Holdings, Inc. (NASDAQ: PYPL) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- PayPal Holdings, Inc. (NASDAQ: PYPL) had its "outperform" rating re-affirmed by analysts at Keefe, Bruyette & Woods. They now have a $78.00 price target on the stock.MarketBeat
- While shareholders of PayPal Holdings (NASDAQ:PYPL) are in the red over the last three years, underlying earnings have actually grown [Yahoo! Finance]Yahoo! Finance
- PayPal: I Have Seen Enough To Trust The Turnaround [Seeking Alpha]Seeking Alpha
PYPL
Earnings
- 7/30/24 - Beat
PYPL
Sec Filings
- 9/3/24 - Form 4
- 7/30/24 - Form S-8
- 7/30/24 - Form 10-Q
- PYPL's page on the SEC website