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PayPal: total payment volume 2014-2020

In the second quarter of 2020, PayPal’s net payment volume amounted to 221.7 billion U.S. dollars, representing a 29 percent year-on-year growth. This payment volume was generated through the over 3.74 billion transactions which PayPal processed during that period. In 2019, the payment provider's annual payment volume came to 712 billion U.S. dollars.

Paypal company information

Digital payment operator PayPal is one of the leading mobile payment platforms worldwide. The company enables customers to pay for goods and services digitally and has been making large gains in terms of mobile payment volume. In the most recently reported year, PayPal's mobile payment volume reached 227 billion U.S. dollars, up from 155 billion U.S. dollars in the preceding fiscal period. This represents a 46 percent year-on-year growth. When examining the most popular mobile payment methods accepted by online merchants worldwide, PayPal ranks third behind credit and debit cards and ahead of all other payment methods.

PayPal in the United States

PayPal is also one of the most popular payment methods for online transactions in the United States, accounting for 22 percent of online transactions. The company is also one of the leading mobile app publishers in the United States, reaching approximately half of U.S. mobile audiences.

PayPal's total payment volume from 1st quarter 2014 to 2nd quarter 2020

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Source

Release date

July 2020

Region

Worldwide

Survey time period

Q1 2014 to Q2 2020

Supplementary notes

Total Payment Volume or TPV is the value of payments, net of payment reversals, successfully completed through Payments Platform, excluding transactions processed through our gateway products.

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