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Paypal

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 ...

Paypal Overview

Image Source : Wikipedia
  • 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 accused in suit of crucial role in massive ponzi scam

May 06, 2017 4:01 pm

PayPal was accused by victims of an alleged Ponzi scheme of failing to detect the fraud while processing more than $100 million in investments.

Amazon expands middleman role in latest online payments push

June 10, 2014 1:44 am

Amazon has been testing the new service over the last several months with start-ups including Ting, a mobile phone company that is part of Tucows Inc.

Banking on ourselves

May 30, 2014 12:07 am

What we must learn and unlearn from the West’s financial overhaul.

PayPal app adds more mobile wallet features

September 06, 2013 1:02 pm

PayPal has added features such as the ability to place an order ahead of time and with it.

Facebook to test mobile payments service

August 16, 2013 10:13 am

Service would enable users make purchases inside mobile applications using payment information.

Billionaire US entrepreneur announces plans to build the extra-ordinarily fast 'Hyperloop'

August 13, 2013 2:54 pm

Passengers would be seated in a capsule and cast off at a speed upto 800 miles an hour.

PayPal fires up new data center to support growth

May 22, 2013 8:58 am

PayPal now has four primary data centers,which it runs from network operation centers.

Wall Street worries about PayPal's real-world expansion

March 26, 2013 9:40 am

Wall Street is having second thoughts about following PayPal from its online roots into the physical world.

MakeMyTrip ties up with PayPal

July 30, 2012 5:56 pm

The company is offering an inaugural discount of USD 20 per booking for international flights.

Yahoo names PayPal's Thompson as CEO

January 05, 2012 10:13 am

In recent years,Yahoo has struggled to maintain its relevance and advertising revenue.

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