PayPal CEO predicts digital payments industry will mature into a $100 trillion market

Paypal CEO: Shouldn’t expect Venmo to be profitable in next one, two quarters from CNBC.

www.cnbc.com/2019/02/19/digital-payments-could-grow-into-a-100-trillion-market-paypal-ceo.html

We live in the space of digital commerce and digital commerce is exploding still around the world,” PayPal CEO Dan Schulman says.

“I think the new way of the world going forward is how do companies take the best of their platforms [and] put them together to better serve companies,” he says.

“P2P, or peer-to-peer payments, is exploding in the market. It’s a multi-hundred-billion-dollar marketplace. This will definitely not be a winner take all,” he says.

 

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