PayPal's unbranded payment service provider segment continues to show strong momentum. Braintree total payment volume growth accelerated into the mid-teens during the second quarter, boosting overall PSP volume growth to 13% currency-neutral. The acceleration reflects a positive inflection following Braintree's strategic price-value adjustments in previous quarters, the company said. The unbranded product mix continues to put downward pressure on PayPal's overall transaction take rate, which fell seven basis points to 1.61%. PSP volume now represents 45% of PayPal's total payment volume
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