As the world’s number one digital wallet, PayPal guarantees to its consumers, the two most important factors – trust and security.
How did they achieve this?
By introducing new technology that enables them to provide the products that their customers need and love. But technology isn’t the only pillar of their success. PayPal has always maintained that, ‘technology won’t change the world, people will’, thereby putting their people at the core of their services.
PayPal comes a long way, from its humble beginnings as a tech start up to the world leader. Therefore, they believe in sharing their technology expertise and boosting upcoming start-ups, developers and local communities that have the will to innovate and bring a change to today’s world!
Facts about PayPal that you probably didn’t know:
- Ranks as world’s no. #1 digital wallet, with total security
- Available in 203 countries and for around 100 different currencies
- 169mn currently active customers around the world and 7mn merchants
- Growing at 68% per year, PayPal did 4bn transactions last year of which 1bn were mobile payments
- 10% of the global work-force is in India
Plans for making a mark in India:
Step 1: TapIndia’s world-class intellectual capital
Rated as the 17th best place to work in 2012, PayPal treats its employees in the best way possible. It has invested in setting up two world-class Global Technology product centers in Chennai and Bangalore, which employ over 1300 highly skilled technologists. This team is responsible for providing cutting-edge digital payments solutions to PayPal customers worldwide, and will be integral to driving their transformation in the future too.
Step 2: Provide a fun and healthy work environment to its employees
PayPal has always believed in quality work and output and never discriminated the work force in terms of gender or age. PayPal’sworkspace includes a lot of fun inside it like the ‘spice club’ for socializing, afternoon socials for lunchtime, and the food is very healthy and you can also hit the gym when you’re free from work.
Step 3: Help Student & Young Tech Entrepreneurs
PayPal’s ‘Start Tank’ initiative provides early stage start-ups, a world-class incubation space and access to global mentors, angel investors, and venture capitalists. The Chennai-based start-up incubator, has been around since Nov 2013. Three local start-ups – Fantain, Kobster, and Do Parttime, have already had the opportunity to be mentored via Start Tank. If you own an early start-up and want some serious investors and space for working towards your innovative idea, you too can apply here.