|Asset Classes||Listed equity|
|Impact strategy||Impact Equities and Bonds|
|Bloomberg ticker||PYPL US|
|Industry group||Software & Services|
|Aligned with SDGs|
PayPal operates as a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants worldwide. The company derives the majority of its revenues from payment transactions, but also a small share from other value-added services. PayPal enables merchants and consumers to manage and to move money digitally, but also facilitates person-to-person payments. It offers personalised shopping experiences through its Honey Platform. PayPal was founded in 2015 and is headquartered in San Jose, California.
According to the World Bank, 32% of adults worldwide lack of access to basic banking services and this financial inaccessibility disproportionately affects low incomes and women. Financial empowerment is essential to put an end to poverty and to allow prosperity. Through its digital payment services Paypal aims to democratize financial services, as it believes that managing and moving money is a right for all people, not just the wealthy. PayPal supports small and medium-sized businesses, as it becomes increasingly difficult and time-consuming to obtain a loan through a traditional bank, by providing more than USD 4.6 billion in access to capital in 2020. The company supported 15 million small and medium-sized companies on its platform which is nearly 50% of total revenue. The company also offers low cost Zettle payment terminals to enable secure card payments for small businesses. Furthermore, PayPal enables affordable person-to-person money transfer via Xoom. In 2021, the company committed over USD 100 million to advance financial inclusion and economic empowerment of women and girls over the next 5 years.