PayPal was introduced as a money transfer service at Confinity in 1999. PayPal Holdings Inc. is a United States company operating an international online payment system that supports online money conveyance and can be used as an electronic alternative to traditional paper methods like checks and money orders.
It was established in 1998 as Confinity, PayPal had its first public offering in 2002, and became an owned subsidiary of eBay later that year. In 2014, eBay announced its plans to spin off PayPal into an independent company by 2015, which was completed in July of that year. Confinity is a concern that developed security software for handheld devices.
