Austin, Texas — According to state and local economic development sources PayPal plans to invest $8,000,000.00 to build out 53,119 square feet of new space in Austin. The company plans to occupy the new space at 10025 Alterra Parkway Suite 2300 and 2400 in Austin, on or about June 1, 2023. According to the company website PayPal Holdings, Inc. operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. It provides payment solutions under the PayPal, PayPal Credit, Braintree, Venmo, Xoom, Zettle, Hyperwallet, Honey, and Paidy names. The company’s payments platform allows consumers to send and receive payments in approximately 200 markets and in approximately 100 currencies, withdraw funds to their bank accounts in 56 currencies, and hold balances in their PayPal accounts in 25 currencies. PayPal Holdings, Inc. was founded in 1998 and is headquartered in San Jose, California.

To learn more about PayPal, visit http://www.paypal.com/

Company Contact:
Dan Schulman, President and Chief Executive Officer
dan.schulman@paypal.com
https://www.linkedin.com/in/dan-schulman/
408-967-1000

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