PayPal announces Visa partnership, 15 percent revenue growth

Reuters News
Posted: Jul 21, 2016 4:29 PM

(Reuters) - PayPal Holdings Inc <PYPL.O> on Thursday showed strong growth in its online payments business, meeting Wall Street expectations on earnings and announcing a new partnership with Visa Inc <V.N> that is expected to bring a significant revenue increase.

PayPal posted second-quarter earnings of 36 cents per share, in line with analysts' expectations, and revenue growth of 15 percent to $2.65 billion.

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(Reporting by Heather Somerville in San Francisco; Editing by Matthew Lewis)