NEW YORK (TheStreet) -- Shares of PayPal (PYPL) - Get PayPal Holdings Inc Report are up by 2.17% to $41 in after-hours trading Thursday, after the company reported mixed financial results after closing bell today.
For the 2016 second quarter, the San Jose, CA-based online payments service posted 36 cents per share on revenue of $2.65 billion. Analysts surveyed by Thomson Reuters expected the company to report earnings of 36 cents per share on $2.59 billion revenue.
PayPal reported 76 cents per share on revenue of $4.4 billion revenue for the same quarter last year, during which it was still a part of eBay.
The company announced a partnership with Visa (V) wherein PayPal will gain access to Visa's tokenization services for in-store PayPal transactions, increasing the number of stores that can accept PayPal's digital wallet service.
"We want to democratize financial services and become an everyday, essential service for underserved customers," said PayPal President and CEO Dan Schulman in a statement. "We want to use our platform and services to enable merchants to fully capitalize on the move to mobile and digital commerce."
Additionally, PayPal added more businesses to its platform, including IKEA, Carnival Corporation (CCL) and Talbot's, among others. The company processed 1.4 billion payment transactions total in the second quarter.
Shares of Visa are up by 0.28% to $79.01 in after-hours trading on Thursday.
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