Deep Dive: PayPal
- PayPal is one of the seminal financial services companies of this generation.
- Here's a deep dive into PayPal's products, business, and company.
Profile
PayPal is a global payments network and technology company that facilitates digital and mobile payments for consumers and merchants. PayPal’s payment technologies allow consumers and businesses to send and receive payments in person, online and across a mobile device. PayPal is available in more than 200 global markets and supports payments in more than 100 currencies. Consumers can withdraw funds in 56 currencies and hold balances in their PayPal accounts in 25 currencies. As of December 31st 2020, PayPal reported to host 377 million active accounts. comprising 348 million consumer active accounts and 29 million merchant active accounts.
PayPal was founded in 1998 by Peter Thiel and Max Levchin. Its headquarters are located in San Jose, California. It has around 50 offices in more than 30 countries around the world, including India, Ireland and Singapore. PayPal employs more than 23,000 employees from around 140 nationalities.
Source: PayPal
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