Magazine : Archives : 1st Quarter 2017
PayPal’s Big Bet
This story delves into the following: PayPal is pursuing an ambitious plan to become a major factor in the payments industry. PayPal has worked out deals with Facebook, Visa, MasterCard and others to expand its presence. PayPal, which owns peer-to-peer payments app Venmo, has an advantage over the banking industry in that payments and related activities are most of what it does. It seems ironic that a company that helped pioneer the online payments business might now be described as an old line payments company. Founded 18 years ago in Silicon Valley, and later acquired by eBay, PayPal Holdings was...
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