PayPal is a US financial services and technology company that is a leader in the online payments processing industry. Its payment system serves as an electronic alternative for traditional paper methods, supporting online money transfers, currency exchanges, and cryptocurrency purchases (in the US). PayPal’s services are used by over 300 million individual customers worldwide, including online merchants and businesses of any size. In the UK, the PayPal app has more than 2 million monthly active users. The company was founded in 1998 by the merger of Confinity and X.com, which were originally created by billionaire entrepreneurs Elon Musk and Peter Thiel. Its headquarters are located in San Francisco. PayPal stock is listed on the Nasdaq exchange and is a constituent of the Nasdaq 100 and S&P 500 stock indices. Spread bet or trade CFDs on our PayPal share price. See also Admiral Group (LSE:ADM), Pershing Square Holdings (LSE:PSHD), Saga Group (LSE:SAGA), Schroders (LSE:SDR), Standard Chartered (LSE:STAN).