PayPal Surpasses $98M in Platform Donations on Giving Tuesday
PayPal has proudly partnered with #GivingTuesday and its founding organization, the 92nd Street Y, since its inception in 2012, supporting charitable giving by creating safe, secure and convenient touch-points for customers to contribute to their favorite charities online. Year-after-year we have been overwhelmed by the generosity of our community as millions of global customers turn to our platform to connect with and give to the causes they care about most. In 2012, PayPal processed approximately $16 million in donations on the first #GivingTuesday. In 2015, we set a Guinness World Record by raising more than $45 million, the highest amount raised online for charity in a 24-hour period. And last year, we enabled more than 715,000 people to contribute $64 million to their favorite causes.
Today, I’m pleased to share that the PayPal community helped to take #GivingTuesday 2018 to new heights of charitable giving, with over 1 million PayPal customers across 180 markets donating nearly $98 million to charitable causes. This is an extraordinary 51% increase in #Giving Tuesday contributions year-over-year.
Its truly inspiring to see how the generosity of our customers and the power of our platform creates such enormous opportunity and positive impact for so many non-profits and charitable causes.
Many thanks to the PayPal community for its generosity on #Giving Tuesday — and all best wishes for the holiday season.
Franz Paasche, SVP,Corporate Affairs & Communications, PayPal