(Reuters) – PayPal Holdings Inc (PYPL.O) reported a 27.2 percent rise in quarterly profit as the payment processor’s growing strategic partnerships helped boost payment volumes.
The company’s net income rose to $411 million, or 34 cents per share, in the second quarter ended June 30, from $323 million, or 27 cents per share, a year earlier.
Revenue rose to $3.14 billion from $2.65 billion.
Reporting by Nikhil Subba in Bengaluru; Editing by Maju Samuel