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Transcript of PayPal Inc.
English for Finance & Accounting
Matriculation number: 325798
2005 - 2007
2008 - 2010
2011 - 2013
2014 - Future
1998 - 2001
2002 - 2004
Max Levchin, Peter Thiel, Luke Nosek and Ken Howery - founder of Confinity
The History of PayPal
A Confinity engineer developes an online demo that allows people to email payments
Confinity merges with X.com - founded by Elon Musk
X.com officially changes its name to PayPal and starts its initial public offering (IPO) in February 2002
The stock listed at $13 per share, rises more than 54% that first day and closes at $20.09
eBay Inc. acquires PayPal in October for $1.5 billion
PayPal becomes available in euros and pounds
PayPal Web Services
PayPal launches its first APIs (application programming interface)
PayPal acquires VeriSign’s Payment Gateway
PayPal goes mobile
PayPal Security Key
PayPal expands globally and has more than 60.000.000 accounts
PayPal is now available in 24 currencies
Mobile payments hits $4.000.000.000
Mobile payments hits $14.000.000.000
Mobile payments hits $27.000.000.000 an increase of 36x since 2010.
PayPal supporting over 150.000.000 active accounts in 203 markets worldwide
...what is PayPal ?
...how does it work?
PayPal acts like a digital wallet where individuals can securely store all their payment options - such as their bank account or credit card
Then PayPal let individuals send money to each other via email, without leeting either party see the other's credit card or bank information
PayPal is a service that enables individuals to pay, send money and accept payments without revealing their financial information
Requirements for using PayPal
Individuals need no special technology nor a business license to send/receive money through Paypal
The only requirements are:
a valid email address
a valid credit card or bank account
In the Future...
Why do you use PayPal?
Do you use PayPal?
What are your experiences?