PayPal begins trading on NASDAQ as split with eBay becomes official

PayPal has parted ways with parent company eBay and is now trading on NASDAQ (Nasdaq : PYPL). The online payments pioneer, which is now expanding to micro-payments, peer-to-peer payments as well as mobile solutions and is out to expand.

In 2014, PayPal processed $235 billion in total payment volume and generated more than $8 billion in revenues. Also last year, PayPal processed $46 billion in mobile payment volume.  The company serves more than 169 million active customer accounts in 203 markets around the world.

“This is an exciting new chapter in PayPal’s journey. As an independent company, we will continue to work closely with Canadian retailers, start-ups and partners across the country to drive innovation and accelerate the growth of online and mobile commerce in Canada,” says Cameron Schmidt, general manager, PayPal Canada. 

Canadian PayPal customers Shannon Mischuk and Alexander Mimran, (Alexander is the founder of Penzu, a cloud-based online journaling platform), were special guests of Dan Schulman at the bell ringing ceremony this morning at NASDAQ.