At PayPal (NASDAQ: PYPL), we believe that every person has the right to participate fully in the global economy. Our mission is to democratize financial services to ensure that everyone, regardless of background or economic standing, has access to affordable, convenient, and secure products and services to take control of their financial lives. Our open digital payments platform gives PayPal’s 433 million active account holders the confidence to connect and transact in new and powerful ways, whether they are online, on a mobile device, in an app, or in person. Through a combination of technological innovation and strategic partnerships, PayPal creates better ways to manage and move money, and offers choice and flexibility when sending payments, paying or getting paid. Available in more than 200 markets around the world, the PayPal platform (including Braintree, Venmo, Xoom, Honey, Checkout and Happy Returns) enables consumers and merchants to receive money in more than 100 currencies, withdraw funds in 56 currencies and hold balances in their PayPal accounts in 25 currencies.
PayPal Checkout serves $100+B in payment volumes across 200+ countries. We are creating a world where ‘payments’ is synonymous with PayPal. The PayPal Platform is a suite of services, which are used by internal and external developers to enable payments anytime, anywhere, and anyway. The Platform processes billions of requests each month and enables PayPal and its partners to rapidly innovate on new payment scenarios and enable new experiences. The evolution of the Platform is integral to PayPal’s long-term strategy.
We’re not solving a small problem, and we’re not addressing a small market. We’re tackling returns—the part of the online shopping experience shoppers say they hate most. Our customers, i.e., top online retailers, use Happy Returns’ returns software and reverse logistics to offer shoppers a genuinely delightful return experience while at the same time reducing costs, retaining sales, and making their supply chains more sustainable. We’re making returns legitimately better for everyone, and we’re having fun doing it.