PayPal net revenue climbed to $3.74 billion from $2.98 billion, while payments volume rose 32 percent to $131.45 billion.
Payments processor PayPal Holdings Inc’s fourth-quarter profit jumped 59 percent, fuelled by strength in its merchant services business. [caption id=“attachment_909637” align=“alignleft” width=“380”]![PayPal logo. AP]()
PayPal logo. AP[/caption] PayPal said on Wednesday its net income rose to $620 million or 50 cents per share in the quarter ended 31 December, from $390 million or 32 cents per share, a year earlier. Net revenue climbed to $3.74 billion from $2.98 billion, while payments volume rose 32 percent to $131.45 billion. Earlier in November 2017 PayPal launched its domestic payments
**platform in India** in a bid to expand its trade in the Indian market. The digital payments giant which has been long known for its cross-border transactions will now show up with merchants and services within India as well.
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