Comments on: PayPal Boasts of Surge in New Users and New Merchants in Q3 https://www.ecommercebytes.com/2020/11/03/paypal-boasts-of-surge-in-new-users-and-new-merchants-in-q3/ Ecommerce Industry News Sun, 08 Nov 2020 20:15:21 +0000 hourly 1 https://wordpress.org/?v=6.5.3 By: The End https://www.ecommercebytes.com/2020/11/03/paypal-boasts-of-surge-in-new-users-and-new-merchants-in-q3/#comment-5104 Sun, 08 Nov 2020 20:15:21 +0000 https://www.ecommercebytes.com/?p=16935#comment-5104 SUCKERS !

]]> By: Vigilant Eye On eBay https://www.ecommercebytes.com/2020/11/03/paypal-boasts-of-surge-in-new-users-and-new-merchants-in-q3/#comment-5087 Fri, 06 Nov 2020 12:31:43 +0000 https://www.ecommercebytes.com/?p=16935#comment-5087 A very interesting read, per Katie Canales Nov 4, 2020 “China just suspended Ant Group’s $34 billion IPO, the largest in history. Here’s how the company was spun out of Jack Ma’s Alibaba and has transformed the global fintech market.” Business Insider article at https://www.businessinsider.com/what-is-ant-group-china-jack-ma-digital-payment-2020-7 :

“PayPal Holdings operates in more than 200 markets worldwide and gobbled up almost 14.5% of the fintech market in 2019, per a June report from The Business Research company. Ant Group had 8% of the total share that year and now operates in over 50 markets. Other competitors, like Tencent, Square, and Shopify, trailed behind.”

“PayPal went public in 2002 and now sits at a $205 billion market cap in the US. And while it may be the leading mobile payment service in the US, when PayPal moved into the Chinese market in 2019, it found itself a small fish in a big pond as Fortune reports. Ant, along with Tencent’s WeChat, dominated 90% of the market at the time.”

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