PayPal Targets $1.5B in Savings to Expand Branded Checkout
PayPal expects branded checkout growth of 1% to 2% this quarter, citing payments from Coinbase for activity generated through its link. It reports Venmo’s double-digit payment growth streak and a low debit-card connect rate that could improve further. The company targets $1.5 billion in gross run-rate cost savings over 2–3 years and plans to reinvest in financial services, BNPL, marketing, infrastructure, and technology modernization.