International payments firm PayPal has plans to add a new feature that will allow its users to trade stocks, Bloomberg has reported citing the company director Dan Schulman.
PayPal may end up becoming a new financial super app like China's Alipay and WeChat Pay. According to the payments giant's plan, users will also be able to open high-yield savings accounts, pay bills and cash checks through PayPal.
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Schulman expects PayPal's active user base to reach 750 million by 2025, twice the current figure.
The company's revenue rose to $21.5B during 2020. While by 2025, the firm's revenue could soar to $50B, and payment volume to $2.8T, according to PayPal's forecasts.
The US payments company hit all the headlines back in October when it announced the launch of a crypto trading service.