Chief Financial Officer Gabrielle Rabinovitch admitted on the Q3 2022 earnings call that "We are operating in an environment where (.) real wage growth is going to continue to be negative for a period of time, where discretionary spend will be under pressure." There is some encouragement for PayPal, however. PayPal's recent financial performances led to a decline in the fintech's stock in 2022, which was more severe than the S&P 500. PayPal's future depends on the macroeconomy On the other hand, PayPal may compete against a locally developed option that rolled out nationwide before PayPal arrived - like iDEAL in the Netherlands. For Europe, PayPal generally takes up two positions: On the one hand, it is a country's main online payment method available due to the lack of a local alternative - like in Germany. The difference likely stems from the different payment brands available in the United States, as domestic brands Venmo and Zelle compete for user attention against PayPal. The number and share of merchants who offer PayPal as a payment option on their e-commerce website reinforce this observation further: Nearly 35 percent of all German domains had a PayPal plugin as opposed to eight percent of all U.S. Popular outside of its native country PayPal adoption in 2022 was high in countries like Germany, the United Kingdom, Australia, and Austria, according to figures from Statista's Global Consumer Survey. That raises the question of where PayPal is the most popular and who is most likely to use the payment method. Analysts point towards economic developments as consumers deal with growing consumer prices. dollars in the third quarter, a decline from the previous quarter and below figures from Q4 2021. On top of that, the company's Total Payment Volume or TPV - which reveals the value of all transactions processed - was 337 billion U.S. PayPal's revenue did increase for the second consecutive quarter in Q3 2022 but is still below the figure from Q4 2021. By the end of the quarter, the fintech had 432 million users, an increase of three million users - a quarter-on-quarter growth of 0.7 percent. The PayPal user count - as tracked by the number of active registered accounts - continued to increase into the third quarter of 2022, but growth slowed down. PayPal's company figures for Q3 2022 reveal a growth slowdown for the digital payment provider.
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