Quotes of All Topics . Occasions . Authors
Venmo is one of the jewels of Paypal.
Online commerce is being replaced by mobile.
I am a huge mixed martial arts practitioner.
More people are using PayPal more frequently.
We put people at the center of everything we do.
Our overriding mantra is to be customer champion.
I consider myself a good communicator and a good salesman.
There's always some potential vulnerabilities in any system.
Merchants are eager to tap into the millennial Venmo shopper.
The big problem retailers are facing is the world is moving to mobile.
The cost of money rises dramatically if you can't afford to keep it in a bank.
We have the flexibility to work with any potential merchant partner across the globe.
Physical money, whether it's checks or cash or credit card, are digitizing in front of us.
The difference between online and offline commerce is basically blurring and disappearing.
We cannot just rely on the public sector or the private sector. We all need to work together.
I think we operate in a very dynamic marketplace, and as such, we need to constantly innovate.
Payments is a hard business. It's a messy business, with not necessarily the largest of margins.
We're really thinking how do we re-imagine PayPal almost as a service. PayPal as a SaaS platform.
There is absolutely no room for discrimination against anyone in our country or anywhere in world.
A lot of people say that I'm an activist CEO. I just think I'm a responsible leader of a business.
When I first went into financial services, people told me not to be too over-optimistic about change.
Software is eating the financial services industry. We have a large addressable market for PayPal to play in.
We have a very close relationship with Google. We extend our offerings to all the markets that we expand into.
On average, an underserved consumer spends 10% of their disposable income on unnecessary fees and interest rates.
PayPal benefited tremendously from having a close partnership with the eBay marketplace. It was a natural fit at the time.
I'm also the chairman of the board of Symantec, which is the world's largest cybersecurity - software cybersecurity company.
Most devices have been hacked in some way and are part of - part of a botnet network that can come after you in DDoS attacks.
It's been with us for a millennium, and we'll still be carrying around cash for a long time to come. There'll just be less of it.
We had grown too fast at PayPal. Our operating expenses had grown too fast... Growth covers a lot of sin. We want to grow without sin.
Digital payments have already made it easier to move and manage money. While there's more work to do, the potential is real and understood.
No one can say that democratizing financial services is bad. It is good for communities, countries, the global economy, and educational progress.
I think what we really need to think about is how do we reimagine the management and movement of money in an era where everyone will have a smartphone.
PayPal is a strong business: it has a strong balance sheet and free cash flows, and it will help us take a look at where we want to independently invest.
Our strategy is to provide even more value to users and tie the Venmo community into the PayPal merchant marketplace so that they can use Venmo to buy things.
We're trying to democratise financial services, to ensure that management and movement of money is a right for all citizens, not the privilege of the affluent.
We are excited to see how PayPal's global payment platform can help small businesses in Cuba thrive and grow by making it easier to connect to international markets.
Managing and moving your money should be a right, not a privilege. This isn't about banking the unbanked. It's about re-imagining what consumer retail banking can be.
Many of the things that we take for granted around the table, like cashing a check or just paying a bill or sending money to somebody you love, is very time consuming.
I do think that in a digital future, consumers will increasingly turn to brands that they trust. Trust, security, and service are even more important in a digital world.
One way to understand human progress is to look at how technology has made products and services - once reserved for the elite - progressively more accessible and affordable.
I spent the first 18 years of my career at AT&T, and it was a wonderful place that kept me moving all the time. I mean, I started off as entry level a position as you can get at AT&T.
When you focus solely on valuation and market share, you win some and you lose some. When you focus on the needs of your customers and help them achieve their dreams, you win every time.
When I first entered the corporate world, doing good and making money were seen as separate and contradictory threads. Challenging that notion set my career - and life - on a new course.
Everyone has all the power of a bank branch in the palm of their hand. And so in that world of software at scale, theoretically the incremental unit cost of something at scale approaches zero.
In the not-too-distant future, commerce is just going to be commerce. It won't be online commerce or offline commerce. It's just going to be commerce. And that will happen because of the phone.
If we can provide a benefit and make money, it's a chance for us to expand the population of customers we serve, expand the products we put in the marketplace, and reinvent ourselves going forward.
I've come to recognize that social purpose must be embedded into the core DNA of a company. The questions 'Why do we exist as a company?' and 'How do we make a difference?' need to have the same answer.
In many ways, leadership is about defining reality and inspiring hope, but if you have these great people around you and they know that what they do is going to be recognized, it can be incredibly powerful.
My mom pushed me in a baby carriage at Martin Luther King rallies. My grandfather was a union organizer. And to me, there is no room - no room - for discrimination of any kind. To me, it's just an anathema.
We believe digital payments are making financial services more universally affordable, accessible and, therefore, have the opportunity to drive financial inclusion and financial health for billions worldwide.