PayPal Says It’s Full Speed Ahead on Mobile Payments After President Resigns. Last year, PayPal exceeded its own expectations, reaching $4 billion in mobile payment volume. This year, it expects to increase that to $7 billion.
When Scott Thompson announced he was stepping down as president of PayPal to become CEO of Yahoo, the company was shocked.
But a month later, both PayPal and its parent company eBay say they have the depth of leadership necessary to execute its plan to enter the world of in-store payments.
In an interview, David Marcus, PayPal’s VP of mobile, made the case for why its mobile payments strategy will prevail in a market surrounded by incumbents like Visa, MasterCard and American Express, as well as new entrants like Google.
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