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Jefferies reiterates its buy rating for PayPal shares, predicting it will grow faster than the e-commerce industry. The firm's analyst cites the company's large active user base of 244 million and strong payment volume growth rates. cnbc.com
More than 40 million individuals used Venmo in the past 12 months, making the digital-money transfer service among the most popular financial apps in the country, owner PayPal Holdings reported in its quarterly results.