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 August 7, 2026, stc pay Bahrain partnered with PayPal to enable direct cross-border fund transfers, allowing verified stc pay Bahrain customers to securely link their PayPal accounts to their stc pay wallets. This follows an open letter issued by Carl Icahn to eBay Inc. shareholders on August 6, 2026. In his letter, Icahn urged eBay to spin off PayPal as a standalone company and to overhaul its corporate board, citing a "complete disregard of accountability."
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