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Paypal
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PayPal: A Fintech Giant's Trajectory PayPal Holdings, Inc., a US-based financial technology multinational, operates a globally recognised online payment system. Replacing traditional methods like checks and money orders, it processes payments for online vendors and auction sites, generating revenue ...
- Company type Public
- Industry Financial technology
- Founded December 1998
- Founders Ken Howery, Max Levchin, Luke Nosek, Yu Pan, Peter Thiel, Elon Musk, Harris Fricker, Christopher Payne, Ed Ho
- Headquarters San Jose, California, U.S.
- Area served Almost worldwide
- Key people John Donahoe, (chairman), Alex Chriss, (president and CEO)
- Revenue US$31.8 billion (2024)
- Net income US$4.15 billion (2024)
- Number of employees 24,400 (2024)
- Website www.paypal.com
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Paypal history
Last Updated : 27/03/25, 05:14 PM
PayPal: From Confinity to Global Payments Giant Founded in 1998 as Fieldlink, later renamed Confinity, the company initially focused on security software for handheld devices. A pivot to digital wallets led to the launch of the PayPal electronic payments system in 1999. A 2000 merger with Elon Musk'...
PAYPAL NEWS
PayPal OneTouch experience powered by Google Smart Lock launched in India
May 02, 2019 5:26 pm
PayPal states that the feature removes all of the hassles that are caused to consumers who need to repeatedly log in to the platform to make any payments.
Facebook names PayPal executive to board; Netflix CEO leaving
April 13, 2019 9:07 am
Peggy Alford would be the first African American woman to serve on Facebook's board. Her naming follows pressure from civil rights groups on the company to diversify its board.
PayPal-owned Canadian firm TIO Networks leaked 1.6 million customers' records
December 05, 2017 3:29 pm
PayPal has reported that the Canadian platform it owns, TIO Networks, has suffered a data leak, which has revealed information of 1.6 million accounts.
Facebook investor Peter Thiel sells three-quarters of remaining stake
November 24, 2017 1:54 pm
Facebook Inc's first major investor Peter Thiel has sold three-quarters of his remaining stake in the social network as part of a previously established trading plan
PayPal purchase protection doesn't shield consumers from lawsuits: Germany top court
November 24, 2017 1:27 pm
Germany's top court has ruled that under PayPal's purchase protection scheme, if the company doesn't comply to discounts or delivery conditions, they can sue customers who have booked products from the app.
PayPal, after offering cross-border payments, launches India operations
November 08, 2017 12:14 pm
Global digital payments major PayPal on Wednesday announced its India operations, after offering cross-border payments in the country for close to a decade
Facebook Messenger gets PayPal P2P payment integration in the US
October 21, 2017 11:12 am
PayPal P2P integration could help over 1.3 billion monthly users of Facebook Messenger globally, giving them an option to send money to friends without leaving Messenger app.
Local retail stores competing with Amazon turn to PayPal's services
October 20, 2017 1:28 pm
PayPal Holdings Inc Chief Executive Officer Dan Schulman’s campaign to expand the digital-payments service beyond websites is getting a boost as more retail stores seek to compete with e-commerce giant Amazon.com Inc.
PayPal launches Innovation Labs in Chennai and Bangalore
August 02, 2017 7:36 pm
Paypal now intends to bring innovation in India to new levels with its Bengaluru and Chennai centres, on the line of its US and Singapore counterparts. The facility will also house a diverse range of hardware and gadgets for PayPal employees to experience.
PayPal's partnership strategy pays off with customer growth
July 27, 2017 11:47 am
PayPal Holdings Inc. Chief Executive Officer Dan Schulman keeps converting one-time rivals into allies, and investors are embracing the results. The transactions business announced a new deal with Bank of America Corp. that will help expand its reach beyond websites and into physical stores.
