PayPal Crosses 100M User Mark, Says No Wallets Needed by 2015 (EBAY)
Tweet
Share
E-mail
Get Alerts EBAY Hot Sheet
Join SI Premium – FREE
eBay's (Nasdaq: EBAY) PayPal unit President, Scott Thompson, says that consumers won't need wallets by 2015.
On PayPal's blog, Thompson states the Company now has 100 million active accounts. Looking forward, Thompson contends that consumers are increasingly using alternative methods to make payments.
To that end, Thompson says that consumers will not need to carry a wallet, as digital payments will be accepted most everywhere by 2015.
Commenting on the prediction, Thompson stated: "How confident are we in achieving this goal? So confident that we've asked five Bay area employees to embrace a digital lifestyle and use only digital currency to pay for all of their purchases."
eBay saw some sharp upside this week, following an increase on the swipe-fee cap institutions can charge to 21 cents. Analysts were overall mixed on how this change would affect PayPal moving forward.
Shares of eBay are trading about 0.4 percent lower ahead of the bell today. Click here to be directed to Thompson's blog post.
On PayPal's blog, Thompson states the Company now has 100 million active accounts. Looking forward, Thompson contends that consumers are increasingly using alternative methods to make payments.
To that end, Thompson says that consumers will not need to carry a wallet, as digital payments will be accepted most everywhere by 2015.
Commenting on the prediction, Thompson stated: "How confident are we in achieving this goal? So confident that we've asked five Bay area employees to embrace a digital lifestyle and use only digital currency to pay for all of their purchases."
eBay saw some sharp upside this week, following an increase on the swipe-fee cap institutions can charge to 21 cents. Analysts were overall mixed on how this change would affect PayPal moving forward.
Shares of eBay are trading about 0.4 percent lower ahead of the bell today. Click here to be directed to Thompson's blog post.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Sky Harbour adds $10M via share sale to M-Cor Capital
- Sabre names Derek Sharp to lead lodging and media division
- Morgan Stanley sees "significant medium-term upside" in this e-commerce stock
Create E-mail Alert Related Categories
Corporate News, Insiders' BlogSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
