Whether you are a consumer or a merchant, public policy decisions made by elected officials and regulators around the world can impact your daily life. Stay informed of the policy issues facing PayPal community and the opportunities to engage your government officials.

Issues

Mobile Payments

Mobile is revolutionizing how people engage with their financial services. Smartphones provide people with a convenient, secure and affordable way to move and manage their money.

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Blockchain

A blockchain is an implementation of a digital ledger. Like a database, a digital ledger can record information of various types, but unlike most databases, blockchain implementations use cryptography to ensure that the information recorded is immutable and trusted.

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Financial Participation & Health

The World Bank estimates that 2 billion adults (38% of adults in the world) are unbanked, but significantly more people than that are under-banked and underserved by the financial system.

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Remittances

The World Bank estimates that globally, immigrants will send more than $600 billion in remittances in 2016 . The remittance market is a valuable external source of funding for many families around the world.

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Online Small Business Lending

Small businesses play a critical role in the global economy. They hire more people, they strengthen communities and they drive economic impact.

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Online Consumer Lending

PayPal Credit is a unique credit option that provides consumers access to an instant line of credit at the time of checkout online.

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Cybersecurity

PayPal engages with policymakers and law enforcement around the globe to fight cybercrime. Phishing and identity fraud threaten the development of the online economy, and PayPal is committed to keeping e-commerce safe for consumers.

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Privacy

As a global commerce platform, PayPal understands the critical importance of data security and privacy. Our goal is to work with policymakers to promote privacy legislation that creates a uniform standard that’s technologically neutral and based on the Fair Information Practice Principles.

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Anti-Money Laundering & Know Your Customer

As a global financial services provider, PayPal is committed to compliance with all applicable laws and regulations regarding Anti- Money Laundering (“AML”).

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Cross Border Trade

PayPal is a global payments platform that is available to people in more than 200 markets, allowing customers to get paid in more than 100 currencies, withdraw funds to their bank accounts in 56 currencies and hold balances in their PayPal accounts in 25 currencies.

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Policy Papers

Democratizing Globalization: How Small Businesses across America are Growing in the Digital Marketplace

Across the United States, vast numbers of people, maybe more than we previously realized, have not benefitted fully from globalization. Historically, only the largest businesses in the country could fully reap the benefits of trade. Moreover, businesses that traded were often concentrated in large city centers, often close to the coastline, in order to reduce the distance costs associated with trade. The Internet changes the calculus of who can fully engage in globalization by eliminating traditional barriers like distance, trust, and communication. Breaking down these barriers can enable businesses outside major cities and those located on the coasts to reap the economic benefits of an open economy.

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Fintech from the Frontlines: The Opportunity for Technology to Improve Financial Services for All

The term "fintech" is often used to describe tech startups that are presumably going to upend traditional financial institutions (ie. Banks) through the use of new technology. Such a characterization, however, misses a large amount of what is truly transforming the financial services ecosystem. At PayPal, we believe that our nearly two decades of experience gives us a strong position to speak about what FinTech really is. This paper is our attempt to provide an insider’s perspective on the potential and the reality of fintech.

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Digital Remittances: Enhancing Financial Health for Families around the World

The remittances market is a valuable external source of funding for many families around the world. The traditional costs of securely and efficiently managing and moving money across borders have been relatively high. Advances in digital technology are enabling a significant reduction in remittances costs. This study looks at the digital remittance solutions developed by Xoom and PayPal.

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Access to Finance

Small and Medium-sized enterprises (SMEs) account for more than half of the world’s GDP and employ two-thirds of the global workforce. The number one barrier to growth faced by SMEs around the globe is access to financing. While lending to large firms has rebounded relatively quickly from the Great Recession, lending to small businesses is down approximately 20% over the same period. Online lending options like PayPal Working Capital, may be stepping in to fill this gap by resolving many of the barriers associated with traditional SME financing.

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Understanding Costs of Charitable Giving

Charitable organizations pursue important causes and provide public services, with no intention of making a profit. Donors, be they individuals, groups, or companies, spend their hard-earned dollars to support these causes. Transferring funds from donors to charitable organizations, however, takes resources. The wide variety of payment methods available today – checks, credit cards, digital wallets, etc. – has democratized charitable giving by enabling people of any means to become donors. Each payment method though comes with its own unique set of costs and benefits.

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21st Century Regulation: Putting Innovation at the Heart of Payments Regulation (US)

Rapid Improvements in technology are enabling business models in the payments arena that were simply not possible 20 years ago. The innovations in industry, though, operate within a regulatory system that is struggling to keep pace. In this white paper, PayPal advocates the use of a new decision-making model in the United States—SMART Governance—to deliver the important goals of underlying payments regulation in a manner that benefits government, consumers and industry.

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A Smart Step: Putting Innovation at the Heart of Payments Regulation (EU)

The overarching policy goals behind payments regulation remain relevant. However, rapid changes in consumer behavior, technology and merchant need are transforming the payments industry. Focused on the payments arena, this four-part document explains the transformation that is taking place in the industry, sets out why we think the approach to regulation in Europe can similarly innovate and transform, offers concrete ideas about how this could be done and ends with a case study and call to action.

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Payments Regulation for Asia Pacific: A Model for Innovation and Growth (APAC)

The global electronic payments industry has expanded significantly since PayPal processed its first online payment transaction in 1998 and continues to be one of the most dynamic and innovative financial services sectors globally. However, the regulatory environment supporting this industry and its consumers has been challenged to keep pace and adjust to this changing marketplaces. The objectives of this paper are to focus on a new regulatory decision making methodology that is innovative and flexible and outline governance models that focus on technology and data for managing risk.

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PayPal Comments to the Consumer Financial Protection Bureau on Prepaid Accounts

PayPal submitted comments in response to the proposed rule and request for public comment by the Consumer Financial Protection Bureau (CFPB) on Prepaid Accounts under the Electronic Fund Transfer Act and the Truth in Lending Act.

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PayPal Comments to Consumer Financial Protection Bureau on Mobile Banking

PayPal submitted comments in response to the Consumer Financial Protection Bureau’s (CFPB) Request for Information related to mobile banking and financial management services. PayPal’s comments noted that PayPal’s users are increasingly turning to mobile devices to conduct all manner of financial transactions. In addition, the letter explained that mobile technology provides opportunity to financial services providers to expand the reach of their services to a broader user base.

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PayPal Comments to Australia Senate on Digital Currency Inquiry

PayPal lodged a submission to the Senate’s Digital Currency Inquiry in Australia in December 2014. PayPal’s submission highlighted that there is a clear distinction between Digital Wallets (e.g. PayPal) and Digital Currencies (e.g. BitCoin).

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Contact Us

For more information on PayPal's Government Relations team and our public policy work, please email us at public_policy@paypal.com