![]() Now, PayPal can push those consumers to use its QR codes and push its merchants to accept them, boosting its in-store business as consumers return to in-person shopping. That growth is in part the result of ecommerce surging in 2020 as consumers looked to avoid physical stores and merchants turned to digital channels to drive sales. PayPal counted 377 million users at the end of 2020, including approximately 29 million merchant accounts, up 24% over 2019.
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