Black Friday survey showcases PayPal’s e-commerce dominance, says Wedbush

Wedbush analyst Moshe Katri notes that PYMNTS survey — Black Friday 2022: High Prices Reshape Holiday Shopping Habits, November 2022 — showcased Outperform rated PayPal’s e-commerce dominance as a payment form. From his perspective, the survey showcased that for online payments, PayPal’s continued dominance as a payment form, with PayPal core and Venmo accounting for 34.9% of Black Friday online payment practices, commanding a third place, with credit and debit leading. Venmo’s share posted an impressive double year-over-year, Katri writes, with Buy Now, Pay Later continuing to gain share and reaching 7.9%, up from last year’s 5.6%.