PayPal announced earlier this week it recently surpassed 250 million in the total number of active accounts on its global payments platform. The payments giant reported that this is a very important milestone for its company, and a key marker on its journey to fulfill its potential.
According to PayPal, the latest milestone comes just a little over than a year and a half after PayPal announced it had surpassed 200 million active accounts. The company reported the fact that it has added an additional 50 million accounts in a little more than 18 months, which is nearly 3 million accounts per month, is a testament to the tireless work you’ve done on behalf of its customers to add more value to its platform. Speaking about the milestone, Dan Schulman, President and CEO, PayPal, stated:
“250 million is a big figure. After all, if the PayPal platform was a country, it’d be the 5th most populated in the world, ahead of Brazil (210M) and just trailing Indonesia (266M). But like with everything else in our business, it’s not about the macro numbers, it’s about the individual experiences. The small businesses that support families and fuel communities. The single-parents managing for their families. The college students figuring out their budgets. The non-profits working to serve those in need. The people and families and entrepreneurs who are new to digital finance and turn to us because they need a better way to borrow, to save, to spend, to share. The immigrants working hard to create a better life for their families and using our platform to send money back home.”
Schulman then added:
“I want to thank everyone at PayPal for working tirelessly for our customers and helping us achieve this milestone. We have more work to do, and as our opportunity gets bigger so does our responsibility to our customers. But this is an important moment to savor, and as we now focus on the next quarter billion, we can feel proud of our progress!”
