PayPal Holdings, the US-based online 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 commonly the basis of exchange involves fiat currency or legal tender, be it in the form of cash, credit or bank transfers, debit, or checks. While typically associated with cash transfers, payments can also be made in anything of perceived value, be it stock or bartering – though this is far more limited today than it has been in the past.The Largest Players in the Payments IndustryFor most individuals, the payments industry is dominated currently by card companies such as Visa or Mastercard, which facilitate the use of credit or debit expenditures. More recently, this industry has seen the rise of Peer-to-Peer (P2P) payments services, which have gained tremendous traction in Europe, the United States, and Asia, among other continents.One of the biggest parameters for payments is timing, which looms as a crucial element for execution. By this metric, consumer demand incentivizes technology that prioritizes the fastest payment execution.This can help explain the preference for debit and credit payments overtaking check or money orders, which in previous decades were much more commonly utilized. A multi-billion-dollar industry, the payments space has seen some of the most innovation and advances in recent years as companies look to push contactless technology with faster execution times.
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 commonly the basis of exchange involves fiat currency or legal tender, be it in the form of cash, credit or bank transfers, debit, or checks. While typically associated with cash transfers, payments can also be made in anything of perceived value, be it stock or bartering – though this is far more limited today than it has been in the past.The Largest Players in the Payments IndustryFor most individuals, the payments industry is dominated currently by card companies such as Visa or Mastercard, which facilitate the use of credit or debit expenditures. More recently, this industry has seen the rise of Peer-to-Peer (P2P) payments services, which have gained tremendous traction in Europe, the United States, and Asia, among other continents.One of the biggest parameters for payments is timing, which looms as a crucial element for execution. By this metric, consumer demand incentivizes technology that prioritizes the fastest payment execution.This can help explain the preference for debit and credit payments overtaking check or money orders, which in previous decades were much more commonly utilized. A multi-billion-dollar industry, the payments space has seen some of the most innovation and advances in recent years as companies look to push contactless technology with faster execution times.
Read this Term firm, announced that the company is planning to invest an additional $50 million in 11 Black and Latinx-Led venture capital funds. In October 2020, the company announced a $50 million investment in 8 Black and Latinx-Led venture capital funds.
According to an official announcement, the recently supported venture capital funds include Aperture Venture Capital, Collab Capital, Interlace Ventures, Kapor Capital and MaC Venture Capital. The latest investment by PayPal is a part of the company’s $535 million commitment to support black-owned businesses in a fight against racial and economic inequality.
PayPal is planning to provide necessary resources to the early-stage funds. The company’s venture capital arm (PayPal Ventures) supports different startups working in the financial services and payments infrastructure sectors.
Commenting on the latest announcement, Dan Schulman, President and CEO of PayPal, said: “Venture capital funds led by Black and Latinx managers expand wealth creation opportunities for diverse founders. Over the long-term, the $100 million we are investing in 19 exceptional venture capital firms will help to foster the next generation of diverse founders that are building products and services that empower a more inclusive economy. These investments grow from our commitment to advance a more just and equitable society."
PayPal reported strong financial results during the first three months of 2021. The company saw a record payment volume of $285 billion along with the addition of 14.5 million net new active accounts during the first three months of 2021.
PayPal’s Support for Innovators
The US-based company aims to support Black and Latinx-led startups to increase racial equity in society. "We're excited to have PayPal join us as partners, as we work together to tackle the access to the capital problem that has plagued Black innovators for generations. While our fund alone will not solve the wealth gap, we do see our work as an important piece to the puzzle and believe PayPal will be integral to this work for many years to come," Jewel Burks, Managing Partner at Collab Capital mentioned in the press release.
PayPal Holdings, the US-based online 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 commonly the basis of exchange involves fiat currency or legal tender, be it in the form of cash, credit or bank transfers, debit, or checks. While typically associated with cash transfers, payments can also be made in anything of perceived value, be it stock or bartering – though this is far more limited today than it has been in the past.The Largest Players in the Payments IndustryFor most individuals, the payments industry is dominated currently by card companies such as Visa or Mastercard, which facilitate the use of credit or debit expenditures. More recently, this industry has seen the rise of Peer-to-Peer (P2P) payments services, which have gained tremendous traction in Europe, the United States, and Asia, among other continents.One of the biggest parameters for payments is timing, which looms as a crucial element for execution. By this metric, consumer demand incentivizes technology that prioritizes the fastest payment execution.This can help explain the preference for debit and credit payments overtaking check or money orders, which in previous decades were much more commonly utilized. A multi-billion-dollar industry, the payments space has seen some of the most innovation and advances in recent years as companies look to push contactless technology with faster execution times.
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 commonly the basis of exchange involves fiat currency or legal tender, be it in the form of cash, credit or bank transfers, debit, or checks. While typically associated with cash transfers, payments can also be made in anything of perceived value, be it stock or bartering – though this is far more limited today than it has been in the past.The Largest Players in the Payments IndustryFor most individuals, the payments industry is dominated currently by card companies such as Visa or Mastercard, which facilitate the use of credit or debit expenditures. More recently, this industry has seen the rise of Peer-to-Peer (P2P) payments services, which have gained tremendous traction in Europe, the United States, and Asia, among other continents.One of the biggest parameters for payments is timing, which looms as a crucial element for execution. By this metric, consumer demand incentivizes technology that prioritizes the fastest payment execution.This can help explain the preference for debit and credit payments overtaking check or money orders, which in previous decades were much more commonly utilized. A multi-billion-dollar industry, the payments space has seen some of the most innovation and advances in recent years as companies look to push contactless technology with faster execution times.
Read this Term firm, announced that the company is planning to invest an additional $50 million in 11 Black and Latinx-Led venture capital funds. In October 2020, the company announced a $50 million investment in 8 Black and Latinx-Led venture capital funds.
According to an official announcement, the recently supported venture capital funds include Aperture Venture Capital, Collab Capital, Interlace Ventures, Kapor Capital and MaC Venture Capital. The latest investment by PayPal is a part of the company’s $535 million commitment to support black-owned businesses in a fight against racial and economic inequality.
PayPal is planning to provide necessary resources to the early-stage funds. The company’s venture capital arm (PayPal Ventures) supports different startups working in the financial services and payments infrastructure sectors.
Commenting on the latest announcement, Dan Schulman, President and CEO of PayPal, said: “Venture capital funds led by Black and Latinx managers expand wealth creation opportunities for diverse founders. Over the long-term, the $100 million we are investing in 19 exceptional venture capital firms will help to foster the next generation of diverse founders that are building products and services that empower a more inclusive economy. These investments grow from our commitment to advance a more just and equitable society."
PayPal reported strong financial results during the first three months of 2021. The company saw a record payment volume of $285 billion along with the addition of 14.5 million net new active accounts during the first three months of 2021.
PayPal’s Support for Innovators
The US-based company aims to support Black and Latinx-led startups to increase racial equity in society. "We're excited to have PayPal join us as partners, as we work together to tackle the access to the capital problem that has plagued Black innovators for generations. While our fund alone will not solve the wealth gap, we do see our work as an important piece to the puzzle and believe PayPal will be integral to this work for many years to come," Jewel Burks, Managing Partner at Collab Capital mentioned in the press release.
