April 25 (Reuters) - PayPal Holdings Inc reported a 33.1 percent rise in first-quarter profit on Wednesday as more customers used the payment processor's platform for transactions.
The company's net income rose to $511 million, or 42 cents per share, in the quarter ended March 31, from $384 million, or 32 cents per share, a year earlier.
Net revenue rose to $3.69 billion from $2.98 billion, while payments volume rose 31.5 percent to $132.36 billion. (Reporting by Aishwarya Venugopal and Diptendu Lahiri in Bengaluru; Editing by Arun Koyyur)
