Competitor Profile: PayPal

Competitor Profile: PayPal

  • January 2020 •
  • 22 pages •
  • Report ID: 5862712 •
  • Format: PDF
Competitor Profile: PayPal

Summary
PayPal is one of the largest global payment service providers.It enables digital payments and offers acceptance solutions for consumers and merchants.

The company specializes in online payments, mobile and e-commerce, fund transfers, and payment processing. It has expanded its capabilities through the acquisitions of Zong, Paydiant, CyActive, Modest, Braintree, Xoom, and iZettle.

Founded in 1998 in the US, 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 23 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 now operates as an independent publicly traded company.

The PayPal platform (which includes Braintree, Venmo, and Xoom) allows consumers and merchants to receive funds in more than 100 currencies.It also supports fund withdrawals in 56 currencies and allows users to hold balances in 25 currencies in their PayPal accounts.

It supports access to money on multiple devices, including smartphones and tablets, personal computers, and wearables.

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 competitors
- Information on its performance, including its revenue model
- The company’s important events and milestones

Scope
- In October 2018, PayPal partnered with Walmart to introduce PayPal cash-in and cash-out money services, enabling its users to load and withdraw money from their PayPal balance account at selected Walmart stores.
- In September 2018, PayPal completed the acquisition of iZettle, which was announced in May 2018. The acquisition is expected to enhance PayPal’s in-store capabilities in 11 markets across Europe and Latin America.
- In January 2018, eBay announced the ending of its partnership with PayPal, opting to use Adyen as its primary payments provider at checkout.
- In October 2019, PayPal partnered with American Express, enabling American Express card holders using PayPal to redeem their rewards points at US merchants that accept PayPal.
- The partnership also enables American Express card holders using PayPal to split bills among friends and family members; they receive the split amount to their linked PayPal account.

Reasons to buy
- Gain insights into PayPal’s business operations, and key events.
- Gain insights into its product portfolio and revenue model.
- Assess the competitive dynamics in the alternative payments industry by comparing its performance against competitors.
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