PayPal announces Visa partnership; earnings rise

PayPal Holdings Inc on Thursday showed strong growth in its online payments business, meeting Wall Street expectations on earnings and announcing a partnership with Visa Inc that is expected to bring a significant revenue increase. The company also unveiled a partnership with Visa – a deal for which investors had been eager – intended to make it easier for PayPal customers to use Visa credit cards in their transactions and allow shoppers to use PayPal in brick-and-mortar retail locations.

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