Digital Transaction-8/17/15: Many news accounts of PayPal Holdings Inc.’s spinoff from parent company eBay Inc. noted that PayPal’s market capitalization was in the $50 billion range, but few provided context on where that placed the company among its publicly traded peers. Turns out, PayPal instantly became the fourth-largest payments player, trailing only Visa Inc., MasterCard Inc., and American Express Co., and well ahead of No. 5 Discover Financial Services. As of the close of trading on Friday, PayPal’s market capitalization—its number of common shares multiplied by price per share—was $46.5 billion, according to an analysis by Digital Transactions magazine for an upcoming September profile on the newly independent PayPal. That’s nearly twice Discover’s market cap but just a quarter of Visa’s $181 billion.
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