PayPal is the largest online payment company, established in 1998. It allows for secure online payments between individuals and merchants. PayPal has over 201 million accounts in 190 countries and 24 currencies. It provides a simple, fast way to pay and get paid online or via mobile devices. PayPal aims to increase security and prevent fraud through tools like encryption and monitoring accounts. While competitors continue to emerge, PayPal's large user base and integration with online retailers makes it a leading digital payment provider.