PayPal is 10 Years Old (and Bigger than You Think)

by Erin McCune on June 30, 2008

in Payments News

Paypal

Over at FinanSer/SWIFT Community, Chris Skinner observes PayPal's 10th birthday with a round up of stats demonstrating the remarkable growth of PayPal and shift toward metrics like active users rather than registered users as their business matures.

Excerpt:

In their latest company presentation, published June 16th, they have these figures:

  • PayPal operates in 190 markets using 17 currencies
  • A third of people in the UK have a PayPal account
  • Over 100,000 websites accept PayPal in Europe

PayPal has more users than most payment services:

  • PayPal                         141 million
  • Chase                           115 million
  • Citi                                114 million
  • AMEX                            78 million
  • CapitalOne                   59 million
  • Discover Card            50 million

Total Payment Volume (TPV) grew by a third in 2007 to $47 billion.

Read more here.

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