Take action against PayPal: PayPal sees a rise in ‘silver tech’ as older generations test digital payments

From CNBC:

The company has seen an older audience flock to digital payments as cash is seen as a germ risk and people across the U.S. stay at home to avoid spreading Covid-19. People over 50 were the company’s fastest growing segment from March to April, according to PayPal.

This cohort of “silver tech” helped PayPal’s total payment volume recover back to “pre-Covid” levels, CFO John Rainey said at the J.P. Morgan Global Technology, Media and Communications Conference last week.

“We think that these are some sustainable trends in our business,” Rainey said at the annual event, which took place over video conferencing this year.

The demographic shift happened as many were forced to experiment with online shopping, or looked to pay friends or family members. The boost in payment volume was also thanks to the larger purchase sizes by that demographic, according to Rainey.

Continue reading PayPal sees a rise in ‘silver tech’ as older generations test digital payments on CNBC

Or take your claim to FairShake, the consumer advocacy service.


Read More:

FairShake is aggregating links to consumer news stories across the web. We claim no rights to the snippets featured.

Latest news

Wells Fargo customers take note: The Sixers rocked the Wells Fargo Center

From The Philadelphia Inquirer: They have won every game Harden has played for them. Feels like something special is brewing. The...

Hold PayPal responsible: PayPal Hides Pay-Later Plan’s Overdraft Fee Risk, Suit Says

From Bloomberg Law: PayPal Inc. falsely touts its “Pay in 4" installment program to low-income customers as a free service,...

Take action against Wells Fargo: In latest Zelle scam, Wells Fargo customers lose thousands after fraudsters pose as bank employees

From WABC-TV: CONCORD, Calif. -- Amid the rise in popularity of quick-pay apps, scammers are also increasingly using digital payment...

Airbnb headlines: CNBC Excerpts: Airbnb Co-Founder & CEO Brian Chesky Speaks with CNBC’s Andrew Ross Sorkin on “Squawk Box” Today

From CNBC: WHEN: Today, Tuesday, March 1, 2022 WHERE: CNBC's "Squawk Box" Following are excerpts from the unofficial transcript of a CNBC...

The Philadelphia Inquirer on Wells Fargo: Will James Harden’s home debut reignite the Sixers’ dominance at Wells Fargo Center?

From The Philadelphia Inquirer: The Sixers are 16-13 at home this season, and have a difficult schedule in March. Doc...

DirecTV expels RT from its lineup, dealing a major blow to the Russia-backed outlet in the US, says CNN

From CNN: New York (CNN Business)DirecTV is cutting ties with RT, the Russia-backed television network infamous for promoting Vladimir Putin's...

You might also likeRELATED
Recommended to you