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yuiyoshida

(41,764 posts)
Sat May 23, 2015, 09:00 AM May 2015

PayPal's new chief promises new services for a mobile world



By BRANDON BAILEY

Technology May. 23, 2015 - 06:00AM JST ( 1 )

SAN FRANCISCO —

As PayPal prepares to split from its corporate parent, its new chief executive is promising to expand the popular online payment system, adding a variety of services for consumers to use when shopping on their phones or in traditional stores.

PayPal will be spinning off from parent company eBay later this year at a time when it’s facing new competitive challenges. Alibaba, Amazon and even Facebook are promoting online payment systems, while Apple Pay and Google Wallet are competing to handle transactions in stores and on mobile devices.

Veteran executive Dan Schulman, who will be CEO of the new PayPal, says his company will compete by positioning itself as a “full-service” payments partner for consumers and merchants, handling mobile transactions, credit purchases and even customer loyalty rewards programs.

PayPal was best known for many years as a payment method for purchases made on desktop computers. But consumers are increasingly using mobile phones to shop online and even when they make purchases in traditional, brick-and-mortar stores. Almost a third of transactions handled by PayPal are now made on mobile devices.

http://www.japantoday.com/category/technology/view/paypals-new-chief-promises-new-services-for-a-mobile-world
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PayPal's new chief promises new services for a mobile world (Original Post) yuiyoshida May 2015 OP
will I finally be able shop when I'm asleep ? olddots May 2015 #1
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