It also ended up buying Braintree’s subsidiary Venmo for $26.2 million, as part of the deal. In September 2013, PayPal acquired Braintree in its largest acquisition t0 date for $800 million.IronPearl tracked user journey on websites and tested ways to bring them back to the sites. The year after, PayPal acquired IronPearl in April.In July 2012, PayPal acquired Card.io- the software that allowed users to scan their cards for account details through the phone camera.Zong facilitated purchases to charge on the consumer phone bills. In October that year, PayPal acquired Zong for $240 million.lets merchants connect with local consumers. In Fig, users can make physical payments using phone Wi-Fi to connect with USB at the purchasing station. In April 2011, PayPal acquired and Fig card.Later PayPal rebranded it as PayPal Credit. In November 2008, PayPal acquired Bill Me Later- a digital payment system that allowed instant transactional credit in the US at more than 9,000 merchant outlets.It was an Israel based startup that built fraud management systems with its online risk tools. In January 2008, PayPal acquired Fraud Sciences for $169 million.In 2005, PayPal acquired VeriSign payment solution to broaden its e-commerce horizons for $370 million.The acquisition was for $1.5 billion, and the shares were valued at $23 then. In October 2002, eBay acquired PayPal after its IPO.They acquired most of its potential competitors before it is too late and improved its business potentials. And after that, they maintained an aggressive acquisition strategy. Ever since storming to the stock market with public share offers, the euphoria short-lived when they decided to merge with eBay and got separated from eBay in 2015. Looking at the history of PayPal, we can find acquisitions and merges are part of its business strategy. PayPal’s revenue for 2019 was 17.77 billion.eBay paid $1.5 billion for acquiring PayPal.PayPal customers do an average of 36.9 transactions in a year.Presently, PayPal has 305 million active users.Before moving forward, the given information will work as a vital tool to have a comprehensive understanding of PayPal, its revenue, demographics, and transaction details. The following are the summarized statistical information of PayPal.
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