Locked-down consumers are figuring out how to buy things online that they used to get in stores. The question for the digital-payments industry is how permanent that shift will be. PayPal Holdings, the online payments giant, wasn’t immune from the slowdown seen across the consumer economy in March. Total payment volume for the quarter grew 19% overall from a year earlier in constant currency, slowing from a 26% pace through February to 7% in March, the company reported on Wednesday.

Source: Wall Street Journal May 07, 2020 09:56 UTC