Dan Schulman

I’m excited to share that our iZettle team has launched the “Ocean Reader,” the world’s first card reader made from recycled ocean plastic. This idea was originally born at an iZettle hack week, where a team determined that we could do something about the fact that 46% of the 5 trillion pieces of plastic in the ocean come from fishnets. They have since brought the Ocean Reader to fruition, and 75% of it is comprised of fishnets and ropes removed from the ocean. Already, more than one ton of plastic has been removed from the ocean as a result of this project. The Ocean Reader marks our first step towards providing small businesses with products made from sustainable materials, and we hope it will serve as a catalyst for the entire industry to move toward using sustainable plastic materials.
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We’re pleased to complete the historic acquisition of GoPay, making PayPal the first foreign payments platform licensed to provide online payment services in China. This important step will allow us to be a stronger partner to Chinese financial institutions and technology platforms. We look forward to contributing to the growth of China’s e-commerce and payments ecosystem.

Due to the devastating COVID-19 outbreak in India, hundreds of thousands of new cases are being reported in India every day. As an employer and member of India's business community, we are deeply committed to doing everything we can to help our colleagues and communities in India during this tremendously challenging time. To assist with on-the-ground relief efforts, PayPal is donating $1 million to relief organizations in India, including GiveIndia’s COVID Response Fund, that are providing critical support to those in need. We are also activating PayPal’s giving platform to mobilize and enable our U.S. customers to support India relief efforts. To make a contribution, please visit our fundraising campaign at https://lnkd.in/epyd9v6.
 
As always, the health and safety of our employees and their communities continues to be our top priority and we are working closely with our leaders and teams in India to provide necessary support. We are so proud of our employees in India who have stepped up to help those in their communities impacted by this crisis.
 
There is much work ahead as we collectively tackle this global challenge, and it is more important than ever that we come together to support each other. Thank you for doing whatever you can to help.

Members of the Asian and Pacific Islander community have been living in fear and uncertainty as Anti-Asian rhetoric and hate crimes have escalated across the U.S., particularly over the last year. It has taken far too long for all of us to hear their voices and stand in solidarity with their community. The horrific shootings in North Georgia that resulted in eight lives lost is the latest in a long series of senseless violence toward Asian and Pacific Islanders and it must stop. We all deserve to live without fear of prejudice, discrimination or violence - and we must stand up and support those who live in fear for their safety. As I've said previously, PayPal stands with our AAPI employees and the AAPI community, and we will continue to fight for justice and equality for all.

The following is a message I shared with PayPal employees following the U.S. Supreme Court’s decision on Dobbs v. Jackson Women’s Health Organization, demonstrating PayPal’s commitment to ensuring continued support for our employees, their families, and our communities.

2022 was another important year for PayPal. We made significant progress towards strengthening the foundation of our business, focusing on our priorities, and meeting our customers' needs. In a rapidly changing and difficult global economy, we remained committed and tenacious, keeping our customers top of mind. I shared my perspective on the year ahead with PayPal employees earlier this week, including the need to continue our momentum to create value for our customers and drive positive change. As we welcome this new year, I'm feeling energized, optimistic, and determined about the many opportunities ahead.

2023 is likely to be another year of challenges for all of us. Inflation is still high, putting pressure on food, energy, and rent prices, and the global economy is still weak. Unfortunately, the war in Ukraine shows no signs of ending. It is up to all of us to do our part to help each other so that we can emerge stronger than ever as a global community as we move through the issues of our day.

Happy new year to everyone. I hope it is a year that brings a bit more joy, fulfillment, and good health to everyone.

Even in 2019, it still takes too long to send money to a loved one in another country. That’s why I am delighted to announce that PayPal has launched Xoom, A PayPal Service—our international money transfer service—in 32 markets across Europe. People in these markets can now use Xoom to quickly send money to more than 130 countries via direct bank deposits, for cash pick-up or top-up mobile phones. With Xoom, someone with a smartphone on a bus in London, Paris or Berlin can now send money that can be accessed quickly in Mumbai, Lagos or Nairobi to pay for a family member’s medical emergency or urgent financial needs.

My thanks to Julian King and the team for leading this launch.

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As we embark on a new year, I’m reflecting on everything that our PayPal community accomplished in 2021 and looking forward to all that we’ll be able to achieve together in 2022. Earlier this week, I shared some of my thoughts with PayPal employees, in particular the importance of continuing to support each other as we navigate these dynamic times. While this year will bring its own external challenges, we will continue to live and lead with our values at the core of everything we do. I’m optimistic for what’s ahead and the opportunity to drive even greater impact for the customers and communities we serve.