5 Biggest Money Transfer Companies in the World

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1. PayPal (NASDAQ:PYPL)

Total revenue of the company in 2019 (in millions of dollars): 17,772

Total profits of the company in 2019 (in millions of dollars): 2,459

Total assets of the company in 2019 (in millions of dollars): 51,333

Total employees of the company in 2019: 23,200

Topping the list of 15 biggest money transfer companies in the world is PayPal, an electronic commerce company that facilitates payments through online transfers. PayPal owns both Venmo and Xoom, which are mobile payment services where account holders transfer funds using the dedicated apps on their phones. PayPal allows this through establishing accounts for each customer on the platform. This account is connected to the particular user’s credit card or checking account. The company is located in San Jose, California and was founded in 1998. The service allows anyone to pay in any of a number of ways, including credit cards, bank accounts, Smart Connect, or PayPal itself without sharing any financial information.

See also: 20 largest insurance companies in the US and 15 largest insurance companies in the world

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