While PayPal (PYPL) is an established leader in the digital payments space, it's still able to turn in solid transaction volume growth on a steady basis. And along with the continual stream of innovation and business growth, PayPal stock has more than doubled since splitting from eBay (EBAY) in 2015.
PayPal COO Bill Ready attributes this success in part to strong product development and strategic partnerships.
"We've rebuilt nearly every major experience on the PayPal platform over the last four years," Ready told Investor's Business Daily at the annual Money20/20 conference in Las Vegas.
"We are partnering with the ecosystem – from tech platforms to banks to credit card networks, we've really opened our platform to partner with others, to work with others to bring great experiences to consumers and merchants alike," Ready said.
And when asked about the thinking behind PayPal's partnership strategy, Ready said "it was a very conscious shift in our strategy. PayPal had been a bit of a closed platform four-plus years ago. We made a very specific choice to say that we wanted to open our platform."
Watch the full interview for more on PayPal's unique market position in the payments space and strategic transformation, especially since PayPal stock split from eBay back in 2015.
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The post PayPal COO On Strategic Transformation Alongside Massive PayPal Stock Gains Since EBay Split appeared first on Investor's Business Daily.
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