PayPal reports 11 percent growth in charitable giving in 2016

PayPal reported an 11 percent growth in charitable giving for 2016. Last year, the global payment platform processed $7.3 billion in donations.

During the holiday season alone, PayPal users contributed $971 million. From November 27 though the New Year, PayPal tracked holiday giving behavior around the world. Nearly 8 million PayPal users in 181 countries donated$971,213,604 to 282,053 charities. The largest single gift during this period was more than $230,000, while the average contribution was $93. The average contribution for the year was $89.

The top five countries that gave the most were, in order, the United States, Canada, the United Kingdom, Germany and Australia.

According to PayPay, more donations were processed on December 31 than on any other day in the year, with contributions to charities totaling $77,896,580 that day. December 30 was the second highest day for donations at $59,625,454. #GivingTuesday, which occurred on November 29th in 2016, ranked as the third highest day, with over $48 million donated. 

Mobile giving also increased in 2016, with 21 percent of users making donations on a mobile device, a 12 percent increase from 2015.

“PayPal’s mission is all about democratizing financial services for citizens across the world. Perhaps nowhere is that more evident than in the power of our global payments platform to create a worldwide network that allows people to support their communities and the causes they’re most passionate about,” said Dan Schulman, President and CEO of PayPal. “We are thankful for the generosity that our PayPal users showed this past holiday season. We look forward to another year of innovation around new services and capabilities so that all of us can continue to make a positive impact in every community around the world that PayPal helps to serve.”