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100 Million Pay Pal Users
PayPal announced yesterday that it has surpassed 100 million registered users. Not bad for a seven-year-old company.
What jumped out at me is that these 100 million users are distributed across 55 countries. Although eBay won’t release the ratio of US PayPal users to non-US PayPal users, my guess is that roughly 65% of registered PayPal users are American. Although eBay now has more non-US registered users than US users, PayPal is destined to play catch up. While eBay does business in 30+ markets, PayPal does business in 14 (up from 10 last year). That’s because it’s one thing to localize a Web site, it’s another thing to get regulatory approval to support a new currency; PayPal currently supports seven.
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