As a business grows, its operational and financial needs grow along with it — from processing payments and building a website to shipping and marketing. All of these various needs can be provided by different software companies from around the globe, but it can be difficult to tie them all together.
Earlier this month, PayPal unveiled the PayPal Commerce Platform, its new approach to working with various tech platforms, payment networks, banks, and merchants — tied together.
According to the company, the platform can meet the specific needs of marketplaces, e-commerce solution providers, crowdfunding platforms and more by “bringing together a comprehensive set of technologies, tools, services, and financing for businesses of all sizes around the globe.”
“Offline commerce is now converging with online purchases and vice versa,” says Bill Ready, Paypal COO. “With all this complexity and opportunity, powering such global digital commerce is not something any single company can do on its own.”
Paypal says their platform can “finally put the same tech and capabilities in the hands of all businesses regardless of size. “
Paypal plans to bring together the best set of technologies, tools, services, and financing for businesses of all sizes around the globe.
277 million| Customers (users)
22 million| Merchants (worldwide)
The PayPal Commerce Platform is available in France, Germany, Italy, Spain, UK and USA and will expand to more than 40 markets by the end of the year.