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Hello everyone and welcome to Ad Barans. I'm'm Andy Surwer and welcome to our guest Alex Chris

CEO of PayPal. Alex, great to see you. Thanks for joining us. It's great to be here. Thanks for having me.

So PayPal, people know that company and that brand and they also know that you own Venmo. But how

would you describe the company,

Alex, and what it does? Yeah, look, we are a couple of brands that you just mentioned, PayPal

and Venmo. And we are really focused on helping people move, spend, and take care of their

money in the best way possible. And so it's a global organization. We serve over 400 million consumers

around the world. It's a two-sided network. So we're also deep with our merchants and tens of

millions of merchants that accept PayPal and accept Venmo. And we create a frictionless experience

between consumers and merchants and make sure that that transaction can happen in a safe and secure manner.

There's a lot to the business who will get into it. When you say 400 million, so is that

daily users? How many of those people are using PayPal? How many are using Venmo? Can you give a little

more color there, please? Yeah, so 400 million is usually our 12-month rolling average, but over half of that actually

transacts on a monthly basis.

And so we've got over 200 million that are transacting with us on a monthly basis, and

that's across both PayPal and Benmo.

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