![]() While it's growing, it's hard to imagine a company outpacing PayPal's established infrastructure. The option has rapidly gained prominence in retail and service sector checkouts that can account for $680 billion worth of transaction volume worldwide by 2025, according to studies by Insider Intelligence. ![]() The worldwide BNPL sector is expected to reach $166 billion by 2023, that's a 177% jump from 2019 ($60 billion). PayPal is a juggernaut with over 20 million active merchant accounts and billions of transactions conducted every year - it's just scratching the surface of the market's potential. That leg up is huge in a market that is still so young it's described as in the midst of a "land grab" as providers aim to secure the highest number of retailers to their platforms. PayPal has a firm grip on the BNPL market with over 27 million more users than its closest competitor. It's especially popular among millennial shoppers who are slowly taking over the e-commerce market. It's essentially customers taking home their purchase, but paying for it over time. Internet consumers are embracing BNPL as an alternative to credit cards for its convenience and split payment options with no interest. ![]() "Buy Now, Pay Later" Makes PYPL Stock a Buy Now Here's why we're so bullish, plus our PayPal stock price prediction. The company's existing status as an online payment solution got it to where it is, but the additions of its "buy now, pay later" option and ability to buy, trade, and hold cryptocurrencies will send it much higher. PayPal investors are certainly happy with its performance as a growth stock, but we think it will spike even more in the coming year. The company that already accounts for 22% of online transactions in the United States was stable pre-pandemic, and its growth during the unprecedented times wasn't just riding the e-commerce boom, but is a sign of what's to come. ![]() That's not happening to PayPal Holdings Inc. ![]()
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