San Jose, California — According to state and local economic development sources PayPal plans to invest $1,500,000.00 to build out 30,000 square feet of new space in San Jose. The company plans to occupy the new space at 2211 1st St in San Jose, on or about March 1, 2021. According to the company website PayPal (NASDAQ: PYPL) is committed to democratizing financial services and empowering people and businesses to join and thrive in the global economy. Our open digital payments platform gives PayPal’s 325 million active account holders the confidence to connect and transact in new and powerful ways, whether they are online, on a mobile device, in an app, or in person. Through a combination of technological innovation and strategic partnerships, PayPal creates better ways to manage and move money, and offers choice and flexibility when sending payments, paying or getting paid. Available in more than 200 markets around the world, the PayPal platform, including Braintree, Venmo and Xoom, enables consumers and merchants to receive money in more than 100 currencies, withdraw funds in 56 currencies and hold balances in their PayPal accounts in 25 currencies.

To learn more about PayPal, visit http://www.paypal.com/

Company Contact:
Dan Schulman, Chief Executive Officer
dschulman@paypal.com
https://www.linkedin.com/in/dan-schulman/
402-935-2050

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