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Companies of New York

PayPal

PayPal

Financial services

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Description

PayPal Holdings, Inc. is an American company operating a worldwide online payments system that supports online money transfers and serves as an electronic alternative to traditional paper methods like checks and money orders. The company operates as a payment processor for online vendors, auction sites, and many other commercial users, for which it charges a fee in exchange for benefits such as one-click transactions and password memory.

Established in 1998 as Confinity, PayPal had its initial public offering in 2002. It became a wholly owned subsidiary of eBay later that year, valued at $1.5 billion. eBay spun off PayPal in 2015 to eBay's shareholders. The company ranked 204th on the 2019 Fortune 500 of the largest United States corporations by revenue.

Website

https://www.paypal.com

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PayPal wants to become a "super app"

SCHULMAN Daniel
SCHULMAN Daniel

At least half a billion to 1 billion people. One billion people would be ideal

PayPal increased its revenues by 23%

SCHULMAN Daniel
SCHULMAN Daniel

Today, the vast majority of consumers say they will continue to actively shop online after the pandemic because it is more convenient, easier and saves time

PayPal has expanded its cryptographic service

SCHULMAN Daniel
SCHULMAN Daniel

Only 10% of PayPal customers in the US have had access to cryptocurrency services so far