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DJ PayPal's Early BNPL Foray Outpacing Afterpay's -- Market Talk

· 02/04/2021 17:30

2230 GMT - PayPal facilitated more transaction volume in its first quarter of buy-now-pay-later operations than Afterpay did in its fifth after launch, indicating PayPal's scale advantage over its installment rivals, Goldman Sachs says. The investment bank notes PayPal management was surprised by the pace of adoption, with US$750M in total payments volume in the three months through December. Goldman Sachs says the successful launch points to strong US demand. Afterpay still appears to be the US market leader in terms of transaction volume and frequency of use, it adds. (stuart.condie@wsj.com; @StuartLCondie)

(END) Dow Jones Newswires

February 04, 2021 17:30 ET (22:30 GMT)

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