PayPal

An electronic replacement for conventional paper methods like checks and money orders, PayPal Holdings, Inc. is an American multinational financial technology firm that operates an online payments system in most countries that permit online money transfers. The business processes payments for internet retailers, auction sites, and several other business users for a fee.

American multinational financial technology corporation PayPal launched a number of payment options specifically for the Chinese market in China in 2005. In 2017, it entered into a contract with Baidu Wallet, and afterwards with China UnionPay. As of 2022, PayPal had 426 million active registered accounts, was present in more than 202 markets globally, and allowed users to store money in more than 25 different currencies.

2019 saw the acquisition of GoPay, a licensed payment provider in China. It gained a dominant position in the domestic online payment business in China in January 2021 when it became the first foreign payment company with a Chinese license and full ownership of the country's payment platform.

Founded: December 1998
Headquarter: San Jose, California, U.S. (corporate headquarters)La Vista, Nebraska, U.S.
Website: paypal.com