PayPal – Competitor Profile
PayPal is one of the largest global payment service providers. It enables digital payments and offers acceptance solutions for consumers and merchants. The company specializes in online payments, mobile and ecommerce, fund transfers, and payment processing. It has expanded its capabilities through the acquisitions of Zong, Paydiant, CyActive, Modest, Braintree, Xoom, and Zettle (previously known as iZettle).
PayPal is now available in more than 200 markets. It is particularly active in the US, the UK, Germany, Australia, and New Zealand. The solution is accepted at over 30 million merchants globally and supports all major payment networks, including American Express, Visa, Mastercard, UnionPay, and Discover. Following its spinoff from eBay in July 2015, PayPal operates as an independent publicly traded company. Its platform allows consumers and merchants to receive funds in 100+ currencies. It supports fund withdrawals in 56 currencies and allows users to hold balances in 25 currencies. It supports access to money on multiple devices, including smartphones, tablets, PCs, and wearables.
Buy now pay later services are increasingly gaining popularity among consumers globally, particularly for ecommerce purchases. To benefit from this trend, PayPal is focusing on expanding its buy now pay later services. With the adoption of cryptocurrencies becoming mainstream, the company also entered the cryptocurrency services space in October 2020. It is also gearing up to launch PayPal Savings, an interest-bearing savings accounts in collaboration with Synchrony Bank.
The report provides information and insights into PayPal including –
– Detailed insight into its business
– Comprehensive coverage of its products and services
– Comparative assessment with key alternative payment solutions
– Information on its performance, including its revenue model
– The company's important events and milestones
– In October 1999, PayPal officially launched in the US.
– In July 2014, PayPal rebranded Bill Me Later as PayPal Credit.
– In September 2018, PayPal acquired iZettle, thus enhancing PayPal’s in-store capabilities in markets across Europe and Latin America. iZettle was rebranded as Zettle in February 2021.
– In April 2022, PayPal Launched a new PayPal Cashback credit card in collaboration with Synchrony Bank.
Reasons to Buy
– Gain insights into PayPal's business operations and key events.
– Gain insights into its product portfolio and revenue model.
– Assess the competitive dynamics in the alternative payments industry by comparing its performance against competitors.
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