PayPal

PayPal was founded in 1998 and went through several structural changes before becoming an independent public company. It trades on NASDAQ under the ticker PYPL. The core product is a digital payments platform that enables consumers and businesses to send and receive money online.

PayPal was spun off from eBay in 2015 as a standalone public company. PayPal maintains R&D offices and technology operations in Israel, primarily in Tel Aviv and the Sharon region.

PayPal operates an online payments platform serving both consumers (digital wallet) and businesses of all sizes (payment processing, merchant acquiring). Venmo, acquired by PayPal, is a widely used social payments app in the United States. Braintree, also an acquisition, provides a payments processing API infrastructure for developers and digital businesses.

Major products include the PayPal consumer wallet, Venmo for peer-to-peer payments, and Braintree for API-based payment processing aimed at developers. PayPal also offers a Buy Now Pay Later product under the Pay Later brand. Zettle, acquired in 2018, provides in-person point-of-sale payment solutions for small businesses.

Direct competitors include Stripe (developer-focused payments infrastructure), Square/Block (point-of-sale and small business payments), and Apple Pay and Google Pay in the digital wallet space. PayPal faces increasing competitive pressure from fintech challengers but retains a large established user base.

PayPal has maintained an R&D center in Israel for many years, based primarily in Tel Aviv and the greater central region. The Israeli operation focuses on R&D — payment infrastructure development, cybersecurity, fraud prevention, and data processing. PayPal typically recruits in Israel for backend engineering, security specialists, and data engineering roles.