Square launches online checkout platform just like PayPal
PayPal is soaring in growth due to surge in e-commerce orders
Coronavirus means that people prefer contactless and cashless payments.
PayPal is everywhere and allows making sales and payments in a jiffy. PayPal processed over $199 billion in total payments in the fourth quarter
Payments startup, Stripe, raises $600 million at a $36 billion valuation.
E-commerce explosion will also mean an explosion in online frauds estimated at $25 bn by 2024.