Making PARTNERSHIPS Work Whycooperation Coopetition Trumps Competition Our Mission, Vision + Values

Making PARTNERSHIPS Work WhyCooperation coopetition trumps competition Our Mission, Vision + Values

We are committed to democratizing money and access to financial services by being the world’s most open and independent digital payments platform

Innovating to Becoming a Partnering across the ecosystem to create engaging and payments partner of choice make PayPal available anywhere rewarding customer experiences for businesses people want to shop, pay, manage and move their money Build Partner Strategic Investments & Acquisitions How we became PayPal

1 MILLION user mark PayPal goes public. Max Levchin and Peter Thiel form Confinity merges X.com changes eBay Inc. Confinity. PayPal officially with Elon Musk’s name to PayPal. acquires PayPal. launches. X.com. 1998 1999 2000 2001 2002 Acquisitions over the years…

PayPal acquires Xoom, CyActive, Modest and Paydiant.

Separation from eBay Inc.

Bill Me Later PYPL listed on eBay Inc. acquires Rebranded Zong Braintree NASDAQ. Bill Me Later. PayPal Credit. and Venmo. 2008 2011 2013 2014 2015 Acquisitions over the years…

iZettle

Acquires 70% equity stake in GoPay. Jetlore, AI Powered prediction Platform. First foreign payment platform in China

Hyperwallet to strengthen payout capabilities. Announces intention to acquire shopping rewards platform Honey Swift Financial Simility, Fraud Prevention platform 2017 2018 2019 2020

GLOBAL

MERCHANTS CONSUMER

DATA SECURITY Simility Jetlore

Hyperwallet Honey

TECHNOLOGY & PAYMENTS PLATFORM Partnership Strategy

2016 2017 2018

JULY OCTOBER JANUARY MAY AUGUST OCTOBER APRIL

GLOBAL US EXTENSION CANADA

FEBRUARY SEPTEMBER DECEMBER APRIL JULY MARCH

ASIA PACIFIC EXTENSION Europe Extension CONSUMERS MERCHANTS

Unrivaled Two-Sided Platform

Banks & Technology Networks PARTNERS Platforms Pre-Choice Post-Choice

Balance was always swept first, followed by a PayPal determined lower cost funding instrument.

Customer’s payment methods not visible on the first screen Customer choice drives higher • Help engagement Consumers Consumer achieve Opens us up to more partnership their intent Choice opportunities • Reduce Friction

• New Value Consumer Issuer Engagement propositions Partnerships • Co-Create to consumers Network New Partnerships Products

2015 2016 2017 2018 2019

Active Accounts 179M 197M 227M 267M 305M

Total Payments Volume $282B $354B $451B $578B $712B

Revenue $9.2B $10.84B $13.09B $15.45B $17.77B Understand and appreciate each other’s unique strength, competitive TheseBe prepared are theDiscardCultural to days disrupt/reinvent It the ©2018ofsynergies is PayPal Avengers all“not Inc. Confidential about invented and proprietary.make AND theyour all JusticeCustomer here”traditional the difference syndromeLeague business – not VERSUS model advantage and core competencies