(Reuters) – E-commerce payments processor PayPal Holdings Inc reported a 121% jump in third-quarter profit on Monday, driven by a surge in online spending from consumers staying at home due to the COVID-19 pandemic.
Net income jumped to $1.02 billion, or 86 cents per share, for the quarter ended Sept. 30, from $462 million, or 39 cents per share, a year earlier.
(Reporting by Niket Nishant and Eva Mathews in Bengaluru; Editing by Vinay Dwivedi)
