At the PayPal Innovate conference in San Francisco, PayPal announced that it currently supports 24 currencies. As online commerce, and the online space itself, continues to grab more market share of how people do business, payment processing remains a highly contested market for financial institutions and financial service companies.

PayPal operates in over 190 markets, 17 languages, and has a market share of 79% in the United States and 41% internationally and generates around 1/3 of eBay’s revenue. Banks and merchant companies need to take notice of how PayPal continues to innovate or be left behind.