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Barchart
Sushree Mohanty

PayPal’s Comeback Is Gaining Steam: Is the Stock a Buy Again?

PayPal PAY Venmo Alex Chriss BNPL

Valued at $67.8 billion, PayPal Holdings (PYPL) is a fintech company that offers digital payment services to both individuals and businesses. PayPal connects buyers and sellers via a secure digital platform, allowing for quick, simple, and secure financial transactions, including cross-border transactions in over 200 countries and more than 25 currencies. 

PayPal’s growth had slowed due to tight competition in the digital payment industry from Visa (V), Mastercard (MA), and Block (XYZ). However, under the leadership of CEO Alex Chriss, who took charge in 2023, the company is aggressively pursuing a diverse growth strategy that is already paying off.

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