Monday, May 2, 2016

PayPal - limits and wrong approach

Notes:
PayPal is a well known brand for sending money overseas. They are in money remittance system (XOOM). Expansion to developing countries. Payments by cell phones, relying on traditional banks. Showman vision as a CEO. 90% of transactions to put on internet. Facebook payments. Most secure payment system. 235 Billion transactions a year. Launched in 1999. Filipino workers in HK. Paydiant to ATM do secure. Innovating trough acquisition. Max Levcin as a co founder. Dan Schulman CEO. Separate from eBay. 169 million customers for PayPal wallet. Credit card/debit card. 4 billion transactions. Facebook messenger payment platform. 70.000 people around the world. Alibaba, Google to purchase PayPal. 25 trillion dollars as whole market. 6.6 billion USD on accounts to invest. OneTouch payment improvement. 10.000 costumer resperentatives.

PayPal, Qatar airways, Bloomberg

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