PayPal sees branded checkout growing in Q4, but slower than Q3

Says started to see a slowdown beginning in mid-Q3 in consumers, particularly around discretionary spending. Says that slowdown has persisted into Q4. Sees “a lot” of pressure on the consumer right now across the U.S. and Europe. Expects this to have an impact on branded checkout. Stills expect branded checkout in Q4 to grow but grow slower than than Q3 if this persists. Comments taken from Citi’s 14th Annual FinTech Conference.