PayPal isn’t just about digital payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term; it’s also about making a monetary difference in the lives of women and girls. In a world where economic empowerment is both a buzz word, but also vitally important, the company is pulling hard for gender equality.

Paypal - Investing in Equality

Payments giant PayPal is on a financial mission that’s not just about dollars and cents. As part of its $108 million commitment under the UN Generation Equality Forum, PayPal is aiming to redefine the financial narrative for women and girls.

Women have always got the short end of the financial stick and PayPal is working with Sweef Capital and Quona Opportunity Fund on a multi-pronged approach which aims to promote sustainable livelihoods, quality education, decent work, good health, and economic growth, making gender equality and diversity the cornerstones of their investments.

Nasdaq-listed payments giant PayPal has made investments in Sweef Capital’s SE Asia Women’s Economic Empowerment Fund (Sweef) and the Quona Opportunity Fund by Quona Capital. https://t.co/MqXBfHpJTL

— DealStreetAsia (@DealStreetAsia) October 19, 2023

Singapore-based Sweef Capital, led by women, aims to revamp Southeast Asia and uplift underserved markets. The Quona Opportunity Fund is part of Quona Capital, focusing on fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term across emerging markets and breaking down barriers to financial services. PayPal’s backing validates the significant impact these investments can have in empowering women and girls, bolstering financial inclusion and empowering local markets. All good stuff.

"When women are economically empowered, they not only elevate themselves – they also enrich their families and communities, and propel the global economy forward," said Gabrielle Rabinovitch, PayPal's Acting Chief Financial Officer. "Through our strategic investments in Sweef Capital and Quona Opportunity Fund, which are committed to catalyzing enduring change across vital global markets, we will forge new pathways of opportunity and help advance women in the global economy."

Cherie Blair’s Challenge: Empowering One Million Women

It’s not just about the dollars; it's about the mentorship. PayPal has long supported women entrepreneurs through the Cherie Blair Foundation for Women’s “Mentoring Women in Business” program. Now, they're committing to join the Foundation in its mission to support one million women entrepreneurs by 2030.

Opportunity International: A Grant for Transformation

PayPal is also putting its money where its mission is, providing a grant to Opportunity International, a nonprofit empowering women to overcome poverty through business programs. This financial backing will help extend the Women THRIVE Program, aiding women in India, Guatemala, Ghana, and The Philippines to take control of their finances and foster inclusive economic growth.

The financial landscape is being rewritten by PayPal, and it’s not just about money; it's about empowerment. Through these investments and partnerships, they're turning the page on economic inequality and ensuring that women and girls have a significant stake in the world of finance.