Tuesday, 28 February 2012

PayPal Touts mPayment Plans Despite Loss of President

Despite the shocking departure of its president Scott Thompson, PayPal’s David Marcus, VP of Mobile, asserts the company’s planned mobile payments strategy will still prevail, according to a report by All Things Digital.

During a recent interview, Marcus emphasized how its mobile payments strategy will reign supreme, even amidst competitors such as American Express, Google and Visa. When asked how Thompson’s departure would affect PayPal’s initiatives, he remained confident.
“The strategy wasn’t one man’s thing,” Marcus said. “It was a shock for 24 to 48 hours, but we control our destiny, and it’s all about execution now. So far, so good.”
In 2011, PayPal elevated its mobile payments volume to $4 billion. This year, the company hopes to hit the $7 billion mark.

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