The PayPal app is installed on 65% of all smartphones with mobile payment apps. Among the top 1,000 retailers, 71.9% accept PayPal, with only Visa, Mastercard, American Express, and Discover having higher acceptance rates.Ģ7% of US consumers purchase from both domestic and cross-border merchants, while 7% only engage with cross-border merchants. Other digital wallet preferences include Apple Pay (20%), Venmo (16%), Google Pay (11%), Samsung Pay (3%), and other options ( 13%). In the United States, 22% of the adult population primarily use PayPal as their digital wallet. This increase indicates a strong growth trajectory for the company. In the first quarter of 2022, there were 429 million active PayPal accounts, and the active user database grew by 49 million accounts or 13% in 2021. Canada, Mexico, Australia, and Switzerland also exhibit high PayPal usage, ranging from 84% to 85%. The top five countries in PayPal usage include the UK and Italy, both at 91%, France at 90%, and Spain at 89%. 4īetween August 2020 and August 2021, PayPal experienced widespread adoption in Germany, with 93% of consumers making at least one online purchase using the platform.Īccording to 2023 statistics, PayPal is even more popular in Europe than in North America.
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