Member Exclusive, Payments

PayPal’s new plans focus on owning more of the ecommerce transaction

  • PayPal has massively grown its payment volume, but not its engagement metrics.
  • PayPal's recent earnings call show a company with expansive plans for its digital wallet.
close

Email a Friend

PayPal’s new plans focus on owning more of the ecommerce transaction

PayPal’s plans for Honey, which it purchased for $4 billion in November 2019, are looking increasingly strategic.

During its Q3 earnings call this week, the payments company described changes it plans to make for its mobile apps over the next year. PayPal plans to add enhanced direct deposit, check cashing, budgeting tools, bill pay, crypto, subscription management, and buy now/pay later functionality.

Integrating Honey into PayPal and Venmo will be one of the top priorities as the firm builds out a comprehensive digital wallet.


This content is available exclusively to Tearsheet Outlier members.

Tearsheet Outlier information and signup Missing out? Subscribe today and you’ll receive unlimited access to all Tearsheet content, original research, exclusive webinars and events, member-only newsletters from Tearsheet editors and reporters and much more. Join Outlier now — $59/mo Already an Outlier member? Sign in to your account

1 comments on “PayPal’s new plans focus on owning more of the ecommerce transaction”

  • This looks like an excellent plan for continued growth at PayPal…Honey will drive interchange/payments revenue, and the addition of “traditional financial tools” such as bill pay, direct deposit, check cashing, and budgeting will drive engagement and increase “stickiness”. And PayPal’s user-base scale, these changes should be both positive and significant.

Outlier OpinionsMakers

Payments

Square’s Cash App continues to scale the bitcoin hype wall

  • Bitcoin prices are up over 100% year to date.
  • Square's Cash App is riding those prices higher as it sees record bitcoin revenues.
Zoe Murphy | November 10, 2020
Payments

‘The nice thing about our model is everyone wins’: Plastiq allows consumers to use credit cards at businesses that don’t accept them

  • Digital payments are good options for everyday-type transactions.
  • Many merchants still don't accept credit cards because they don't need to.
Michael Deleon | October 26, 2020
Payments

Inside the Techstars and Western Union Accelerator

  • As a 170 year old company, Western Union looks outside for innovation in addition to its own product development.
  • The company recently named its 2020 class of fintech startups to the Techstars and Western Union Accelerator.
Zoe Murphy | October 22, 2020
Payments

PPRO’s Steve Villegas on how COVID is impacting local payment behavior

  • PPRO has a lot of experience working with local and cross border payment options.
  • The firm's vp of payment partnerships in North America joins us on the podcast to talk payments.
Zachary Miller | October 13, 2020
Payments

‘Design a good CX for subscriptions and the revenue will flow in’: Ingenico’s Andrew Monroe

  • The payments industry was already changing before COVID hit.
  • Now, subscriptions and digital payments are taking center stage.
Zachary Miller | October 12, 2020
More Articles