In the chart of successfully growing businesses, PayPal rightfully occupies one of the top spots. Founded in late 90’s by Elon Musk and a group of enthusiasts, PayPal is now recognised as the world’s largest online payment processor.
After seeing some ups and downs, the company proliferated. Between years 2000 and 2002 PayPal grew big enough to finally announce its entry to the charts of NASDAQ with $13 per share. Later, PayPal merged with eBay for the tremendous $1.5 billion, becoming the only payment gateway for eBay users.
PayPal is now available in 203 markets and multiple currencies. It allows customers to hold balances, deposit and withdraw their funds securely, with full compliance and control over their financial data.
The company also vouches for its moral standing in the market. Hence the decision to withdraw as a payment method from the majority of the gambling websites. The decision contributed to the reputation of PayPal; the platform is recognized as the world’s most reliable payment system with an ever-growing user base. The company acquires different payment solutions to penetrate into the online retail market even further. Recently, they collaborated with the MasterCard, leading to the inception of the Secure Card service. This decision alone brought the company a revenue of the whopping $1.8 billion.
PayPal drives the time reduction for any transaction; financial data collection and manipulation is automatized. Information is processed through the innovative Informatica MDM, governance and PowerCenter platforms.
The prominent success story of PayPal has inspired many start-ups. Nevertheless, if you still think that transactions can’t go beyond bank accounts, we strongly suggest taking a closer look at the infographic below.