SAN JOSE, Calif., Jan. 16, 2020 /PRNewswire/ -- PayPal
Holdings, Inc. (NASDAQ: PYPL) today announced that it processed a
record $10.3 billion in donations to
charities around the world in 2019, and more than $1 billion in the month of December alone, as
mobile and other digital channels continue to change how donors
engage with nonprofit organizations. Twenty-one percent of all
donations processed by PayPal in 2019 were made through mobile
devices.
"Our efforts to drive social impact and create value for all of
our stakeholders continue to expand. We are continually inspired by
the generosity of the expanding PayPal community, which continues
to reach new heights," said Franz
Paasche, SVP, Corporate Affairs, PayPal. "As we enter 2020,
we remain committed to harnessing the power of our technology and
scale to provide new ways for people to give to the causes they
care about – and to help charitable organizations raise
mission-critical funds that make a difference for communities
around the world."
PayPal is one of the largest digital donation platforms in the
world, supporting more than 600,000 nonprofits with fundraising and
powering giving for platforms including Facebook, GoFundMe, Airbnb,
and eBay.
"We're proud to partner with PayPal, whose generous support
enabled us to raise funds over the holidays and year-round to help
provide comfort and hope to people impacted by disasters and
countless other crises. We're thrilled to celebrate
this PayPal milestone with their team," said Gail McGovern, President and CEO, American Red
Cross.
Every year, PayPal mobilizes its community of 300 million
consumers and merchants to donate to disaster relief efforts and
participate in campaigns with signature partners like
GivingTuesday, which organizes an international day of charitable
giving each December. On GivingTuesday 2019, PayPal processed
$106 million for causes around the
world.
"PayPal has been a believer in GivingTuesday since its launch in
2012 and is one of our most creative and innovative partners, both
in the US and around the world. We are grateful to PayPal for their
commitment to this movement and to growing generosity around the
world," said Asha Curran, Founder
and CEO, GivingTuesday.
PayPal is currently mobilizing the PayPal community of
customers, employees, and partners to support relief efforts for
the bushfires in Australia. To
learn more and donate, visit paypal.com/bushfires.
About PayPal
PayPal has remained at the forefront of the digital payment
revolution for more than 20 years. By leveraging technology to make
financial services and commerce more convenient, affordable, and
secure, the PayPal platform is empowering 300 million consumers and
merchants in more than 200 markets to join and thrive in the global
economy. For more information, visit paypal.com.
Contact:
Julia Bass
jbass@paypal.com
View original content to download
multimedia:http://www.prnewswire.com/news-releases/paypal-processed-record-10-billion-in-charitable-donations-in-2019-300987912.html
SOURCE PayPal Holdings, Inc.