Subject: Re: Unlocking value from transaction data
I don't think the merchant side of Paypal has much value TBH, the more interesting part of their business is the consumer side (Venmo). This business relies on a network effect to be viable (unless some sort of interoperability becomes more common). I am not sure how to value this portion of their business however. Its growing at about 20%, but the actual contribution to PAYPAL is not disclosed.

https://www.cnbc.com/2025/07/2...

tecmo
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