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PayPal Inc.

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by

Kerim Ak

on 8 January 2015

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Transcript of PayPal Inc.

Friday, 9 January 2015
English for Finance & Accounting
PayPal Inc.

Kerim Ak
Matriculation number: 325798

2004
2007
2013
2010
2001
1998
2005 - 2007
2008 - 2010
2011 - 2013
2014 - Future
1998 - 2001
2002 - 2004
Timeline
Year 1998
Max Levchin, Peter Thiel, Luke Nosek and Ken Howery - founder of Confinity
The History of PayPal
Year 1999
A Confinity engineer developes an online demo that allows people to email payments
Year 2000
Year 2001
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
Year 2002
eBay Inc. acquires PayPal in October for $1.5 billion
Year 2003
PayPal becomes available in euros and pounds
Year 2004
PayPal Web Services

PayPal launches its first APIs (application programming interface)

Year 2005
Year 2006
Year 2007
PayPal acquires VeriSign’s Payment Gateway
PayPal goes mobile
PayPal Security Key
Year 2008
Year 2009
Year 2010
PayPal expands globally and has more than 60.000.000 accounts
PayPal is now available in 24 currencies
Year 2011
Year 2012
Year 2013
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.
Year 2014
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
PayPal Service
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

and then...
Financial Statistics
PayPal Security
In the Future...
Discussion
Why do you use PayPal?
Do you use PayPal?
What are your experiences?
PayPal Alternatives
Full transcript