Building upon our mission to democratize financial services, we work to advance global financial wellness for individuals, businesses and nonprofits around the world. We help advance global financial wellness and economic access by harnessing the power of our products, workforce, and partnerships to improve the ability for people to participate and thrive in the global economy.

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We’re making it faster, safer, and more affordable to send money worldwide.

PayPal is constantly innovating to bring products to market that democratize financial services. Through our digital remittance product, Xoom, we enable faster and safer remittances, which is particularly important for immigrants and refugees who send money home to loved ones in other countries. Xoom remittances are also more affordable than the global averages. The average cost to send remittances with Xoom continually remains below 3% globally (2.8% in 2021) and 3.7% to Africa, well below the average 8.2% via traditional channels.

We're creating affordable solutions for the financially underserved.

We make the management and movement of money more accessible, secure, and affordable so that more people have access to economic opportunities. Through payment solutions like the PayPal Cash Card, we’re making it easier for people to access their money and make payments. We also continue to usher in a new era of speed and convenience in emerging markets by partnering with companies like M-Pesa to facilitate faster and more convenient transactions for underserved consumers.

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We’re developing products to enable customers’ financial wellness and make it easy to manage their money.

In September 2021, we introduced our new PayPal app, an all-in-one, personalized digital wallet that offers customers a centralized place to manage their financial lives. Within the app, customers can manage their bill payments, get paid up to two days earlier with our Direct Deposit feature, earn rewards, send and receive money to friends, family, businesses, charities, and more.

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