PayPal - Making Money Easier

Almost everyone who uses the internet has heard of Paypal. PayPal Holdings, Inc. is an American multinational financial technology company operating an online payment system in most countries that support online money transfers. Paypal is an electronic alternative to traditional payment methods and operates as a payment processor for online vendors and many other commercial users. PayPal can also be used to securely send money to friends and family. This feature helps split rent with roommates or receive money for your birthday or for parents to provide their kids with pocket money.

By leveraging technology, PayPal has remained at the forefront of the digital payment revolution for more than 20 years. The company has managed to make financial services and commerce more convenient, affordable and secure. It is empowering people and businesses to join and thrive in the global economy, which is increasingly driven by digital platforms.

The Growth Trajectory

The growth of PayPal into a global behemoth showcases the drive, the hard work and the vision of its founder and management team. Here are some recent milestones.

2020

Honey joins the PayPal family, adding an expansive suite of shopping tools to help consumers maximize their spending power.
PayPal announces a $535 million commitment to support Black and minority-owned businesses and communities in the U.S., especially those hardest hit by the coronavirus pandemic, to help address economic inequality.

2021

New PayPal and Venmo digital wallets launch providing customers with a single destination to manage their financial lives.
Paidy joins the PayPal family, expanding PayPal’s reach in Japan and enhancing the company’s global portfolio of buy now, pay later solutions.

PayPal has been named as one of the top companies on JUST Capital and Forbes’ JUST 100 list, featuring “companies doing right by America”.

PayPal has also been recognized as a Fortune Change the World company for its work to tackle the biggest challenges facing society today.

The CEO

When Dan Schulman took over as PayPal’s CEO in 2015, he brought a philosophy shaped by his experience studying the Israeli martial art of Krav Maga: never stand still, constantly move forward, always be learning, and think expansively about the challenges you face. “Fast forward to today, and PayPal is “a radically different company” than it once was”, says Schulman. Under his leadership, PayPal has become one of the most successful tech companies in the world.

Dan Schulman is focused on democratizing and transforming financial services and e-commerce to improve the financial health of billions of people, families and businesses around the world. Dan is leading PayPal to reimagine how people move and manage money and how merchants and consumers interact and transact.

Several notable organizations have recognized Dan’s leadership and impact. The New York Urban League presented Dan with the 2021 Frederick Douglass Award in recognition of his commitment, dedication, and influence to advance the rights of generations of underserved Black Americans. In 2020, Robert F. Kennedy Human Rights honored him with the Ripple of Hope Award, which recognizes those who have demonstrated a commitment to social change and a passion for equality, justice and basic human rights. In 2019, Dan was recognized by Endeavor Global with the High-Impact Leader of the Year Award for his work to support entrepreneurs around the globe. He was also honored with the Financial Health Network’s inaugural Visionary Award in 2018 for his commitment to improving the financial lives of people around the world. The list of Dan’s achievements is indeed long.

In 2021, Dan was ranked third on Fortune’s list of the World’s Greatest Leaders. He also received the Voices of Solidarity Award, presented by Vital Voices, for advocating on behalf of women and girls around the world. Dan has frequently been recognized by Fortune as one of the top 20 Businesspersons of the Year, has been named one of the top 100 Most Creative People by Fast Company and, in 2019, he was named one of Glassdoor’s Top 50 CEOs.

Dan is actively involved in the World Economic Forum as a member of the International Business Council and the Board of Governors and Board of Stewards for the Future of Financial & Monetary Systems platform. He also serves on the Board of Directors of the Business Roundtable. In addition, Dan is a life member of the Council on Foreign Relations and an International Advisory Council member of the Singapore Economic Development Board. Dan is a Director of Verizon Communications, Inc., and previously served as Non-Executive Chairman of NortonLifeLock (formerly Symantec Corporation). He also serves on the boards of The Economic Club of New York and Autism Speaks.

“The single biggest competitive advantage that a company has is their employees’ skillset and passion,” quoted Schulman during an interview while speaking to an audience about how new and small business can improve and grow.