Square, PayPal mobile wallets attract funds

PayPal and Square have seen the funds that customers store in the companies’ mobile wallets surge over the past five years, with PayPal’s worldwide funds nearly tripling to $31 billion as of the end of June, up from $11.56 billion, and Square’s Cash App holdings climbing many times over to $2.85 billion from $44 million, according to a new analysis from S&P Global Market Intelligence.

Link: Square, PayPal mobile wallets attract funds
via http://www.paymentsdive.com

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