PayPal saw the highest growth of 142% in patent filings and 115% in grants in September in Q3 2023. Compared to Q2 2023, Q3 2023 saw an increase in patent filings by 31% and grants by 81%. GlobalData’s DataBook provides a comprehensive analysis of PayPal’s patent filings and grants. Buy the databook here.

PayPal has been focused on protecting inventions in United States(US) with 139 publications in Q3 2023

The United States(US) Patent Office dominates the patent filings and grants with nearly 60% filings and 86% grants. The United States(US), World Intellectual Property Organization(WIPO), China(CN), and Australia(AU) patent Office are among the top ten patent offices where PayPal is filings its patents. Among the top granted patent authorities, PayPal has 86% of its grants in United States(US), 10% in Australia(AU), and 3% in China(CN).

Mastercard could be the strongest competitor for PayPal

In terms of grant share, PayPal stands in fourth position among its competitors. Mastercard and Visa secured the top positions according to recent patent publication data.

Patents related to digitalization and fintech lead PayPal's portfolio

PayPal has the highest number of patents in digitalization followed by, fintech and digital banking. For digitalization, nearly 13% of patents were filed and 13% of patents were granted in Q3 2023.

Payment services related patents lead PayPal portfolio followed by payments, and communications

PayPal has highest number of patents in payment services followed by payments, communications, mos micro (mpu, mcu & dsp) and e-commerce. For payment services, nearly 10% of patents were filed and 7% of patents were granted in Q3 2023.

For comprehensive analysis of PayPal's filings and grants, buy the databook here.

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GlobalData patents database covers bibliographic from all 100+ patenting authorities. All patents are tagged to 18+ industries and 300+ sub-sectors based on technology classification, keywords, and associated companies. They are also tagged to various industries themes (100+) and technology domains (1800+) of focus.

Patents database further disambiguates assignee names (13m names) and associate corporate tree hierarchy in current/point in time ownerships (320k entities). GlobalData sources content directly from national patent offices on a weekly basis.