PayPal, also known as PayPal Holdings, is a publicly owned company headquartered in the United States. Founded in 1998, it employs approximately 30,970 individuals and reported $33.2B in revenue as of 2025. Functioning in software development, the company operates as an American multinational financial technology enterprise, specifically providing an online payments system that supports online money transfers in a majority of countries.
On September 17, 2026, the PayPal Debit Card topped Javelin Strategy & Research’s 2026 General-Purpose Reloadable Card Scorecard. The report noted that the market for these cards now emphasizes programs that pair low costs with added benefits and a clear connection to broader consumer relationships. Earlier on the same day, PayPal met with the People’s Bank of China to discuss expanding its services in the country. This engagement indicates PayPal’s intent to move beyond its current niche of facilitating cross-border transactions for Chinese merchants, seeking growth in a market presently dominated by Alipay and WeChat Pay.
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