PayPal – Competitor Profile
All the vital news, analysis, and commentary curated by our industry experts.
PayPal is one of the largest global payment services 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 35 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 capitalize on this trend, PayPal is focusing on expanding its buy now pay later services. The company also entered the cryptocurrency services space in October 2020. In addition, PayPal launched 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 Revenue Model and Performance Highlights
– The company's important events and milestones
• In October 1999, PayPal officially launched in the US.
• In April 2015, PayPal acquired mobile payment company Paydiant. Its platform allows PayPal to offer merchant partners own-brand wallets and mobile payment technology.
• In July 2019, PayPal launched PayPal Invoicing API, enabling merchants to create, send, and process invoices online.
• In January 2022, PayPal expanded it partnership with cloud-based software services provider Salesforce, enabling merchants to directly integrate PayPal’s checkout options (including Venmo, PayPal Credit, and PayPal’s buy now pay later products) with a single PayPal-branded checkout button.
• In April 2023, PayPal launched Crypto Transfers, enabling Venmo users to transfer cryptocurrency to other Venmo users, PayPal wallets, and other mobile wallets.
Reasons to Buy
• Gain insights into PayPal business operations and key events.
• Gain insights into its product portfolio, revenue model and performance highlights.
• Assess the competitive dynamics in the alternative payments industry by comparing its performance against competitors.
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