PayPal Processes Billions of Transactions Annually: Here's Its Growth

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Cindy Mutia Annur 01/08/2022 18:00 WIB

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The number of transactions through the PayPal app continues to increase each year, reaching 19.3 billion transactions throughout 2021.

Annual PayPal App Transaction Volume Globally (2013-2021)

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Annual PayPal App Transaction Volume Globally (2013-2021)

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The PayPal app processed 19.3 billion transactions throughout 2021, according to a report by Business of Apps.

This figure represents a 25% year-on-year (YoY) increase compared to 2020, when the US-based digital payment application handled 15.4 billion transactions.

The trend of transactions via PayPal has continued to rise over the past eight years, as shown in the graph. This is in line with the growing user base, which reached 426 million users globally by the end of 2021. This represents a 13% YoY increase compared to 2020, when there were 377 million users.

PayPal is one of seven digital platforms blocked by the Indonesian Ministry of Communication and Informatics (Kemenkominfo) on July 30, 2022. The blocking was implemented because these companies had not registered as Electronic System Organizers (PSE) in Indonesia.

However, Kemenkominfo temporarily unblocked PayPal because many Indonesian users still had funds stored in the application. The temporary unblocking was in effect from August 1st to August 5th, 2022, at 23:59 WIB.

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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PayPal Processes Billions of Transactions Annually: Here's Its Growth

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