At $49 billion, the California-based payments company has a richer valuation than its former parent, eBay.
The San Jose–based company stated trading under the ticker PYPL Monday morning, the same ticker it used before eBay acquired it.
PayPal President and CEO Dan Schulman speaks before ringing the bell at Nasdaq on July 20, 2015, in New York City.
Spencer Platt / Getty Images
PayPal primarily makes money from transaction fees businesses pay on sales made using its service. It now has 169 million active accounts, up 11% year on year.
Unlike eBay's core business (largely sales through ebay.com), PayPal has been expanding quickly -- it handled $66 billlion in transactions in its most recent quarter, up 20% from a year ago.
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