Emerging Trends and Challenges
FTPartnersResearch-GlobalMoneyTransferTrends
FTPartnersResearch-GlobalMoneyTransferTrends
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
PayPal Acquires Xoom for $890 mm<br />
PayPal: Selected Events in PayPal History<br />
Dec 1998<br />
Peter Thiel <strong>and</strong> Max Levchin<br />
found Confinity, enabling money<br />
transfers solely on PDAs<br />
Apr 2000<br />
First customer service<br />
center opens<br />
Oct 2002<br />
eBay acquirers<br />
PayPal for $1.5 bn<br />
Jun 2001<br />
X.com<br />
changes name<br />
to PayPal<br />
Apr 2006<br />
PayPal Goes<br />
Mobile<br />
May / Nov 2007<br />
PayPal is granted a<br />
banking license in<br />
Luxembourg;<br />
establishes<br />
international<br />
headquarters in<br />
Singapore<br />
Feb 2008<br />
PayPal<br />
acquires Fraud<br />
Sciences for<br />
$165 mm<br />
Mar 2010<br />
PayPal introduces<br />
Send Money app for<br />
iPhone; 1 million<br />
downloads in less<br />
than 3 weeks<br />
Dec 2011<br />
International<br />
revenue<br />
surpasses<br />
domestic revenue<br />
May 2012<br />
PayPal launches in<br />
store with PayPal Here<br />
Sep 2013<br />
PayPal acquires<br />
Braintree<br />
Aug 2014<br />
PayPal launches One<br />
Touch payments<br />
Apr 2015<br />
PayPal<br />
acquires<br />
Paydiant <strong>and</strong><br />
CyActive<br />
Feb 2002<br />
PayPal IPO<br />
Mar 2000<br />
Confinity, in a merger with<br />
X.com, names Elon Musk<br />
chairman <strong>and</strong> CEO <strong>and</strong> is<br />
renamed to X.com<br />
Oct 1999<br />
Confinity launches online demo of<br />
PayPal; allows people to email<br />
payments to recipients in U.S.<br />
dollars<br />
Oct 2005<br />
PayPal acquires Verisign’s<br />
Payment Gateway<br />
May 2004<br />
PayPal launches its first APIs<br />
Nov 2009<br />
PayPal opens its<br />
global payments<br />
platform, PayPal X<br />
Oct 2008<br />
eBay acquires Bill Me<br />
Later for $945 mm <strong>and</strong><br />
combines it with<br />
PayPal<br />
Jul 2011<br />
PayPal acquires<br />
Zong, one of the<br />
leading providers<br />
of mobile carrier<br />
billing<br />
Aug 2012<br />
PayPal partners<br />
with Discover to<br />
provide an in-store<br />
payment solution<br />
for merchants<br />
Jun 2014<br />
PayPal now<br />
available in 203<br />
markets<br />
July 2015<br />
Acquires<br />
Xoom<br />
Sep 2014<br />
PayPal <strong>and</strong> eBay<br />
announces they<br />
will become two<br />
independent<br />
companies<br />
Source: FT Partners proprietary database, Capital IQ.<br />
93
Change language