Saket Jhajharia: How PayPal Is Future-Proofing Its Business

10/02/2020 - 05:28

With the war-on-cash likely to continue, PayPal's recent moves have been aimed at future-proofing its business in the coming years. A McKinsey & Company report from last year stated that global payments revenue totaled $1.9 trillion in 2018 with a 6% growth rate. However, taking a closer look at the landscape of global payments shows that the two regions with the highest growth potential are Asia-Pacific and Latin America with annual growth forecasts of 7% each through 2023.