PayPal Holdings, Inc. (NASDAQ: PYPL) is an American company operating a worldwide online payments system. Since its foundation in 1998, PayPal continue to be at the forefront of the digital payment revolution. With our 173 million active customer accounts, PayPal is one of the world's largest internet payment companies. The company operates as an acquirer performing payment processing for online vendors, auction sites and other commercial users for which it charges a fee.
PayPal puts people at the center of everything giving people better ways to connect to their money and to each other; helping them safely access and move their money and offering a choice of how they would like to pay or be paid. Thus providing online money transfers serve as electronic alternatives to traditional paper methods like cheque and money orders. PayPal have created an open and secure payments ecosystem that people and businesses choose to securely transact with each other online, in stores and on mobile devices.
PayPal is a truly global payment platform that is available to people in 203 markets, allowing customers to get paid in more than 100 currencies, withdraw funds to their bank accounts in 57 currencies and hold balances in their PayPal accounts in 26 currencies. In 2014, PayPal has processed about 4 billion payments, of which 1 billion were made on mobile devices. In the same year, amount moved was $228 billion in 26 currencies across more than 190 nations, generating total revenue of $7.9 billion.