PayPal Remains a Somewhat Unique Player Within the Payments Space

PayPal’s development of a network of both merchants and consumers early in the evolution of e-commerce allowed the company to build and maintain an enviable competitive position. In recent years, PayPal’s growth has remained turbocharged by the ongoing shift toward electronic payments and the rise of e-commerce, which the coronavirus further accelerated the shift toward. However, the company might see some headwinds this year as the positives from the pandemic reverse and the macroeconomic situation worsens.