“PayPal says it processed $114 billion in total payment volume during the quarter. Breaking the numbers down further, PayPal says it processed 1.9 billion payment transactions, which is equal to roughly 33 payment transactions for each active account. PayPal’s social payments platform Venmo processed $9 billion of TPV, up 93 percent over the same period last year. The company said P2P payments volume increased 47 percent to $24 billion, and represented approximately 21 percent of TPV.”