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PayPal is a global E-commerce company that allows and secures the transfer of money online, via mobile device and in store. Created as a side project in 1999 for its parent company Confinity, a secure wallet for handheld digital devices, by early 2000 PayPal had over 1,000,000 users, and internet payments became the company’s main focus until June of 2001 when Confinity became PayPal. Now with more than 123 million active accounts in 190 markets and 25 currencies around the world PayPal is the most widely used method of transferring money online moving more than $145 billion in 2012 and more than $14 billion in mobile payment. PayPal is headquartered in San Jose, California, USA and has offices across the world, including Europe, the Middle East, the Far East and Southeast Asia.