PayPal is a global financial services company that offers secure and efficient online payments, money transfers, and e-commerce solutions. It was founded in 1999 by Robert “Bob” Maxwell, Alper Rubinstein, and Amnon Tishby. PayPal operates through multiple divisions including PayPal Pay, PayPal Money, and PayPal Express Checkout, catering to various customer needs from everyday transactions to international remittances.