eBay reported progress in migrating users onto its managed payments platform as part of its third-quarter earnings report. The company also expressed sufficient optimism in the digital-first economy to revise its full-year guidance. And in faster payments, companies are searching for ways to modernize payments for business partners and staffers, with some opting to deliver payroll through push-to-card offerings or directly into digital wallets. All this, Today in Data.
$664M: eBay’s net income in Q3 amid an increase in gross merchandise volume.
183M: Number of eBay’s annual active buyers throughout the world.
50%: Share of the world population expected to be using digital wallets by 2024.
42%: Portion of companies reportedly using checks to pay vendors in 2019.
$18T: Amount of instant payments expected to be sent globally in 2025.