Ebay split opens ‘huge opportunities’ for PayPal as a standalone company

Payments giant PayPal will not be adversely affected by its recent spinout from eBay but will thrive as a standalone company, according to a senior executive.

Earlier this year, PayPal was spunout of its former parent company after an internal review and apparent pressure from activist investor, Carl Icahn.

Competition in the online payments sector is fierce with the likes of Stripe and Square gaining increasing traction in the market while tech powerhouses Apple and Google are moving into the same field of play too.