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PayPal Wants to Be a Lot More Than an Online Checkout Button

  • Firm aims to be world’s next super app, akin to China’s Alipay
  • ‘I think we have a chance,’ CEO Dan Schulman says in interview
PayPal’s new digital wallet.

PayPal’s new digital wallet.

Source: PayPal

PayPal Holdings Inc. is eyeing life beyond the checkout button.

In the coming months, the firm is planning to debut a bevy of new services, which could include high-yield savings accounts, check-cashing services and stock-investing capabilities. It’s all being done in the hopes of PayPal becoming the world’s next “super app,” akin to China’s Alipay or WeChat, India’s Paytm or Singapore’s Grab.