PALO ALTO, Calif.—On May 1, PayPal experienced the largest single day of transactions in the company’s history — bigger than both Black Friday and Cyber Monday of 2019.
April 2020 was also a record-breaking month for PayPal in terms of enrollment and use, reported Pymnts.com. PayPal added 7.4 million net new active accounts.
“PayPal also hit a record in Q1, adding 10 million net new accounts, though that pick-up was rapidly outshined in April, when its daily net new customer rate averaged roughly 250,000 per day and counting,” Pymnts.com said.