PAYPAL HOLDINGS, INC.

(PYPL)
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Delayed Nasdaq  -  04:00 2022-08-18 pm EDT
99.86 USD   +0.44%
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Almost Two Thirds Are Using Financial Apps - Demand For More Comprehensive And Standardised Applications

06/30/2022 | 08:26am EDT

- 64% of Germans use financial apps

- PayPal is the most popular payment app in Germany

- 28% of Germans would like a uniform and centralised finance app

- Google search volumes for "Finance App" and "Stocks App" volatile, search queries for "Banking App" much more consistent

64% of German citizens use financial apps. These apps are not only gaining popularity as a means of payment, but also for investing money. Block-Builders.de sheds light on the trend in a new infographic.

PayPal dominates the payment sector in Germany. 57% use the provider for mobile payments. Apple Pay (37%) and Google Pay (28%) follow in second and third place.

So far, the world of financial apps has been relatively fractured. Specifically, this means that people often use different apps for making payments than for buying shares, ETFs or cryptocurrencies, for example. For some this is not entirely satisfactory. After all, 28% of Germans would like to see a uniform and central finance app that brings many functions together in one place.

As the infographic shows, the proportion of people using cash is in steady decline. In 2022, just 72% said they had paid with cash within the last 12 months. Meanwhile, the opposite is true for the trend towards mobile payments, with services becoming more and more popular.

At the same time, studies show that Google search volumes for the terms "finance app" and "stock app" fluctuate quite strongly, while search volumes for "banking app" are much less volatile. Stock trading apps are likely to enjoy great popularity, especially when markets are heading in a positive direction.

The full story with the infographic, facts and more statistics:

https://block-builders.net/almost-two-thirds-are-using-financial-apps-demand-for-more-comprehensive-and-standardised-applications/

About Block-Builders

Block-Builders.net is a news and information platform that publishes forecasts, investment news and background reports.

Block Builders GmbH

Kurfürstendamm 11

10719 Berlin

Press Contact

Raphael Lulay

kontakt@raphael-lulay.de

.

(C) 2022 M2 COMMUNICATIONS, source M2 PressWIRE

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Financials (USD)
Sales 2022 27 868 M - -
Net income 2022 1 803 M - -
Net cash 2022 7 959 M - -
P/E ratio 2022 64,1x
Yield 2022 -
Capitalization 115 B 115 B -
EV / Sales 2022 3,86x
EV / Sales 2023 3,30x
Nbr of Employees 30 900
Free-Float 88,2%
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Number of Analysts 46
Last Close Price 99,86 $
Average target price 119,13 $
Spread / Average Target 19,3%
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Managers and Directors
Daniel H. Schulman President, Chief Executive Officer & Director
Blake J. Jorgensen Chief Financial Officer & Executive Vice President
John J. Donahoe Chairman
Sripada Shivananda Chief Technology Officer & Executive VP
Archana Deskus Chief Information Officer & Senior Vice President
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