PayPal said profit rose and payment volumes were up in the first quarter. PayPal said profit rose and payment volumes were up in the first quarter. Photo: Justin Sullivan/Getty ImagesPayPal Holdings Inc. said Wednesday that first-quarter profit rose by a third thanks to increases in mobile payments and cross-border trade. Payment volume totaled $132 billion, up nearly one-third from the same period a year ago. Venmo, PayPal’s mobile person-to-person payments service, handled more than $12 billion in volume during the first quarter.

Source: Wall Street Journal April 25, 2018 20:33 UTC