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By handling payments on the back-end for Uber, the company is positioning itself to benefit from some of some of Uber's potential growth. and Australia, and has worked with the ride-hailing company since In a LinkedIn post, PayPal CEO Dan Schulman called it a "another significant milestone" in the company's journey to be a "platform partner of choice, helping to enable global commerce by connecting the world's leading marketplaces and payment networks. It's available in more than countries and regions and supports 25 currencies. PayPal is already Uber's lead payment processing partner in the U. It began as a pure e-commerce play and the payment option for eBay , which bought PayPal in Its founders and early employees include Elon Musk, Peter Thiel, Reid Hoffman, Max Levchin, and other members of what's sometimes known as the "PayPal Mafia. PayPal could achieve that through Uber. Each of those payment methods grew from a "seamless integration" into an existing platform, according to Peter Gordon, CEO of PRMPayments. Overall, PayPal said it has a total million total customer accounts. The firm raised its price target earlier this year to reflect that deal's potential.{/INSERTKEYS}{/PARAGRAPH} WeChat was a communication application in Asia that moved into payments. Its popular peer-to-peer payment app Venmo has been a part of this growth strategy, and is also integrated with Uber and UberEats. Alipay is Alibaba's e-commerce payment method. PayPal has a global footprint, too. Still, it faces fierce competition on a global scale. {PARAGRAPH}{INSERTKEYS}Jumat, 26 April PayPal's latest mega-investment in Uber signals growing global ambitions PayPal is on a spending spree. Tech giants Alibaba and Tencent both dominate consumer finance in China thanks to their popular mobile apps. Its latest mega-investment in Uber this week hints at a larger strategy to compete abroad. In North America, Amazon, Google, and Apple are also taking up an increasingly larger share of customers' wallets with their own payment or digital wallet options. PayPal is leaning into mobile payments, which makes up roughly 40 percent of its business, and small business lending. Amazon Pay is embedded into Amazon's platform. The MercadoLibre partnership "underscores the global value proposition that PayPal offers other high-growth marketplaces," according to KeyBanc analyst Josh Beck.