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Shares of San Jose, California-based PayPal shares fell about 2 percent in after-hours trading following the call with investors. Eighteen-year-old PayPal has million active customer accounts, an 11 percent increase over a year ago and a 2 percent rise over the first quarter this year, the company said. The Visa partnership positions PayPal to sign more deals with major financial institutions. But, he added, it also comes with some additional costs from more Visa transactions, at least initially. In exchange, Visa will integrate PayPal into its tap-and-pay feature - which allows the shopper to wave a card or mobile phone over a reader to pay - at certain retail locations. PayPal agreed to share data about those transactions.

Heather Somerville 4 分で読む Reuters - PayPal Holdings Inc PYPL. Reporting by Heather Somerville in San Francisco; Editing by Matthew Lewis.

N that is expected to boost the revenue and number of users of the money-transfer service. The company declined to offer specifics on the timeline or locations, and some investors questioned the difficulty of getting agreement from merchants. O , becoming an independently traded company on Wall Street for the second time, PayPal has grown aggressively. The deal removes some cost uncertainty for PayPal, as it locks in a set fee PayPal will pay to Visa. The PayPal logo is seen during an event at Terra Gallery in San Francisco, California May 21, In the year since its spinoff from e-commerce company eBay Inc EBAY. Visa shares rose less than 1 percent after the closing bell. O moved to extend the reach of its online payments business through a deal with Visa Inc V.