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PayPal Sees No Letup for Online Shopping Even With Reopenings

  • ‘Business will forever be changed,’ CEO Dan Schulman says
  • Tech giant on pace to process $1 trillion a year in payments

PayPal Holdings Inc. said there’s been no slowdown in online shopping even as cities around the world begin to reopen.

“Even as people get vaccines and start to go out, their business will forever be changed,” Chief Executive Officer Dan Schulman said in an interview with Bloomberg News reporters and editors Monday. “I don’t think there’s any going back to what was.”