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PayPal, Ebay split completed

Media | 07/20/2015 6:08 pm EDT

PayPal Holdings Inc. announced Monday in a press release its separation from Ebay Inc. is complete and it will now be an independently traded company on the Nasdaq. “Mobile technology is transforming payments, making it easier, safer and more affordable for people to move and manage their money than ever before,” Dan Schulman, PayPal CEO, said in the release. “As an independent company, we see a tremendous opportunity for PayPal to expand our role as a champion for consumers and partner to merchants, and to help shape the industry as money becomes digital at an increasingly rapid pace.” The company noted in the release that it processed $46 billion in mobile payments last year and that it serves more than 169 million customers in 203 markets. The announcement of the two companies splitting came last year. The...