PayPal has reported its unaudited results for 2Q 2017. Among its highlights were that PayPal processed US$106 billion total payments volume in the quarter. Approximately 34 per cent of payment volume came through a mobile device and mobile payment volume increased 50 per cent over the same period last year to approximately $36 billion. In addition, Venmo, the company's social payments platform, processed $8.0 billion of TPV, growing 103 per cent over the same period last year. On July 18, PayPal closed the acquisition of cloud-based, multi-channel bill payment processor, TIO Networks for approximately US$238 million. Through this acquisition, PayPal intends to expand its scale of operations. Paypal expects revenue to grow by 18 to 20 per cent in 3Q17, depending on FX movements.  Operating income for 2Q17 was US$431 million, and US$860 million for the six months to 30 June 2017. When asked about the broad credit outlook for Asia Pacific banks in a poll of market participants on behalf of Moody's, a clear majority of the respondents in Hong Kong and Singapore said it was stable (59 per cent and 76 per cent, respectively). In addition to recognising the risk presented by high corporate leverage, Hong Kong respondents also cited high housing prices, a familiar risk for Australian banks, one that was in part the reason for some recent downgrades Moody's noted. The polls also showed that Indian banks are considered the most at risk in South and Southeast Asia by their counterparts in HK and Singapore. Better days seem to be up ahead for Indonesian bankers as analysts observe improvements in asset quality, profitability, and loan growth compared to negative trends that beset executives in 2016, reports Asian Banking & Finance.  Despite declining over the last three years, profitability among Indonesian banks remains a bright spot in the region and maintains a high position thanks to strong pre-provision operating profitability as a result of the banks' high NIMs. However, Gary Hanniffy, director, financial institutions at Fitch Ratings, said banks should not be so quick to rejoice and should be wary of increasing pressure on margins, talent shortage, and Fed rate hikes, not to mention the sector's large stock of restructured loans.