PayPal is growing...

What we’ll cover today:

💸 PayPal beats earnings, raises guidance, but still gets snubbed by Wall Street

🔌 JPMorgan calls out Plaid and middlemen for API overload

📉 Why fintech infrastructure is the new battlefield

PayPal’s Profits Pop, But Wall Street’s Not Impressed 💸

PayPal (yes, the checkout button you ignore on every website) beat earnings expectations and raised its forecast, but the stock still slipped.

🚨 Breaking News:
PayPal earned more than expected last quarter, but slowing growth and market nerves sent its stock down over 4%.

⚡ Wire Simplified

• Q2 earnings: $1.40/share vs. $1.30 expected

• Revenue hit $8.29B, beating estimates

• Total payment volume rose to $443.6B

• Venmo grew 20%, fastest in 3 years

• PayPal raised full-year EPS guidance to $5.15 to $5.30

✔️ Straight to the Point
PayPal is raking in the cash, especially from Venmo, but Wall Street wants faster growth and cooler tech moves.

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JPMorgan vs. Plaid 🔌

JPMorgan Chase (big bank) says Plaid and other fintech data middlemen are clogging its pipes with useless requests. Cue the fees and drama.

🚨 Breaking News:
JPMorgan is planning to charge fintech firms like Plaid for bombarding their systems with billions of unnecessary data calls.

⚡ Wire Simplified

• 1.89B data requests in June, only 13% were legit

• JPMorgan says this overloads systems and causes fraud

• Plaid might have to pay $300M in new fees

• CFPB’s open banking rule is under legal fire

• Most requests aren’t from users, but background processes

✔️ Straight to the Point
JPMorgan’s tired of fintech freeloading. If open banking gets axed, Plaid’s free run could become a very pricey one.

Hong Kong FinTech Week 2025
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