The E-Payments Tech
PayPal, founded as a new concept and ideal way for secure and fast payments, has been on a warpath making sure that they remain dominant in their field.
How have they done this you ask? Very simply – BUY THE COMPETITION
PayPal has for the past 10 years continuously bought out smaller companies and startups that might be competition in the future.
|Jan 28, 2008||Fraud Sciences||$169M|||
|Oct 6, 2008||Bill Me Later||$945M|||
|Apr 20, 2011||Where.com||$135 M|||
|Apr 28, 2011||FigCard||–|||
|Oct 15, 2011||Zong||$240M|||
|Jul 17, 2012||card.io||–|||
|Apr 13, 2013||IronPearl||–|||
|Sep 26, 2013||Braintree||$800M|||
|Sep 26, 2013||Venmo||–|
|Dec 17, 2013||StackMob||–|||
|Mar 2, 2015||Paydiant||$280M|||
|Mar 5, 2015||CyActive||$60M|||
|Jul 2, 2015||Xoom Corporation||$890M|||
|Aug 19, 2015||Modest Inc||–|||
|Feb 14, 2017||TIO Networks||$233M|||
|Aug 10, 2017||Swift Financial||–|||
|May 17, 2018||iZettle||$2.2 B|||
|June 19, 2018||Hyperwallet||$400M|||
|June 22, 2018||Simility||$120M|||
This has allowed PayPal to enjoy a total of around $315.3 million in payments per day.
Building a competition moat around themselves, PayPal has effectively become a two-sided money machine, charging both consumers and businesses on each transaction made.
The global e-payments market globally has been continuously increasing year-over-year as more and more people shop online and make international transfers via PayPal systems.
With the whole Crypto craze, and rampant inflation making paper money less and less accessible – The future of transfers rest on the shoulders of the company to come out on top of the market.
Right now, that is PayPal.
“PayPal is accepted at 79% of the top 500 U.S. internet retailers. Its next biggest competitor, Amazon Pay, is only at 12% of retailers.”
“PayPal has a dominant payment ecosystem within the digital space.”
Current projection on the share price carries a 30.4% upside – Target at $120 – up to $28 from the current rate of $92.
Below is a chart highlighting the recent movement in the stock:
This would be a great addition to a stable portfolio looking to maximize the potential form of this incredible market.
Comment below and share your opinion.