PayPal seeks to extend reach with Visa tie-up

PayPal Holdings Inc on Thursday showed strong growth in its online payments business, meeting Wall Street earnings expectations and announcing a partnership with Visa Inc that is expected to boost the reach and revenue of the money-moving service. The deal is intended to make it easier for customers to use Visa credit and debit cards in PayPal transactions and allow shoppers to use PayPal in brick-and-mortar retail locations. PayPal shares were up about 2 percent in after-hours trading.