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

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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.

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“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.

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“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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