PayPal To Invest Heavily In Acquisitions Annually

PayPal Holdings Inc., an American Firm operating online payment systems, is planning to widen its capabilities by acquiring more companies annually. The firm announced that, it is ready to invest 3 billion US dollars yearly in acquisitions. This follows the recent acquisition of iZettle, a financial Tech company at an amount of 2.2 billion US dollars.

The CEO of PayPal Holdings Inc, Dan Schulman, confirmed in an interview that, Paypal is financially stable and ready to acquire more companies.

In 2015, PayPal got separated from eBay, an online marketplace. Years later, Paypal has transitioned from just being an online transaction centre to providing a number of digital payment systems.