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PayPal volumes grow 29%

PayPal’s total payment volume (TPV) grew 29% with merchant services volume up 35% and on-eBay volume up 13% during the quarter to end June 2014, parent eBay has reported. Revenue grew to US$1.9bn and PayPal gained four million new active accounts to end the quarter up 15% year-on-year at 152m users.

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