PayPal flags smaller basket sizes, cautious shoppers amid macro uncertainty
Update: 2025-10-28
Description
PayPal's CFO Jamie Miller reveals a slowdown in payments activity across the US and Europe, as consumers tighten their wallets and become more selective with spending, particularly on non-essential items. This shift in shopping behaviors, with lower average order values and cutbacks on extras, reflects broader economic pressures. Despite concerns, there's optimism for the holiday season, which typically boosts retail sales, potentially balancing out the recent slowdown in spending.
The Daily News Now! — Every city. Every story. AI-powered.
Hosted on Acast. See acast.com/privacy for more information.
Comments
In Channel




