PayPal Holdings, Inc. is one of the leading companies in the online payments industry. It is an electronic payment network that connects merchants and consumers worldwide, and it offers electronic alternatives to traditional payment methods. It charges a small fee per transaction, and it makes online shopping secure by removing the need for consumers to give credit card numbers when making a purchase. More than 426 million people are registered with PayPal, making it one of the world’s largest payment processors.
PayPal was founded in 1998, and there are more than 867 competitors and sister brands. Its notoriety is a result of exemplary management. It focuses on enhancing the quality of its products, generating excellent financial performance, and delivering stellar stock performance. Moreover, it has become a victim of fraud and was attacked by Russian criminals. However, it has managed to stay afloat despite its bleak future.