That’s 72 million users more than the company had in 2019! 337 million is the number of PayPal active users in 2020. Given that the company’s policy doesn’t allow children under 18 to own an account, they use student and children accounts signed by their parents. The same percentage of children have a PayPal account. 9% of American PayPal users are children.īased on the data from December 2020, 49% of American children have a savings account, and 1 in 10 are credit card owners (9%). In fact, If we’re to believe the stats on PayPal users by country, 0.14% of Swedes use PayPal daily, followed by 0.13% of Danes, and 0.10% of Norwegians. PayPal is also popular among the Vikings, in Sweden, Denmark, and Norway. In France, 9.5 million people use PayPal, followed by Italy (6.8 million) and Spain (5 million). About 312,000 Germans used PayPal’s services every day. Germany was the second country on the list with 23 million registered users. Based on the statistics, the total number of PayPal users in the UK in 2019 was 26 million. In other words, about 0.5% of the population. 330,000 Brits access PayPal’s services on a daily basis. However, when it comes to Europe, Brits steal the spotlight. Over 200 countries use PayPal’s services. (Cross-Border Magazine) (Business Insider) In 2019, the UK had the highest number of PayPal daily users in Europe - 330,000. Although they will be able to use PayPal to receive and send international payments, they won’t be able to receive Indian Rupee (INR) payments from other Private Limited PayPal users. That said, on the 1st of April, 2021, PayPal updated its policy for users from India. In late 2019, PayPal had 450 million mobile users in India.Įver since PayPal became available for merchants in India to process both local and global payments in November 2017, the total number of PayPal users in India has grown rapidly. Still, these figures fade compared to the year 2020 PayPal statistics. The number of transactions amounted to $12.4 billion in the same year, while the payment volume was $712 billion. In addition to that, 24 million people had PayPal merchant accounts. The number of PayPal users witnessed a growth of 38 million compared to 2018. PayPal users in 2019 amounted to 305 million.ĭigital payments are slowly but surely replacing credit cards, and PayPal’s growing popularity has proved just that. Their user base counted millions, with 2.6 million commercial accounts and $3 billion in payments. Soon, PayPal would become a staple in personal finances. In return, the company provides them with fast and low-cost payments. PayPal founders wanted people to give them their emails, banking and credit card information. Within the first three years of launching, the company had 10.2 million users. PayPal was founded in 1998, and since then, it has witnessed an astounding growth in users. Let’s dive right into some of the most remarkable online facts and stats about the PayPal money market as of today.
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