PayPal Remains a Unique Player in Payments

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 been 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 continue to see some headwinds in the near term as the positives from the pandemic reverse and the macroeconomic situation worsens.