American - Businessman | January 19, 1958 -
I think we operate in a very dynamic marketplace, and as such, we need to constantly innovate.
Dan Schulman
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In the not-too-distant future, commerce is just going to be commerce. It won't be online commerce or offline commerce. It's just going to be commerce. And that will happen because of the phone.
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The big problem retailers are facing is the world is moving to mobile.
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Payments is a hard business. It's a messy business, with not necessarily the largest of margins.
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The cost of money rises dramatically if you can't afford to keep it in a bank.
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Full financial citizenship means more than just a savings account and a way to transfer money and pay bills. It also requires access to credit along with the ability to accept payments and run a business, send money to family or transact business across borders, contribute to the community and help others in need, and invest for the future.
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I believe that companies that have the opportunity to improve the lives of their customers and communities have the responsibility to do so.
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I've come to recognize that social purpose must be embedded into the core DNA of a company. The questions 'Why do we exist as a company?' and 'How do we make a difference?' need to have the same answer.
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Merchants are eager to tap into the millennial Venmo shopper.
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Many of the things that we take for granted around the table, like cashing a check or just paying a bill or sending money to somebody you love, is very time consuming.
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More people are using PayPal more frequently.
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Venmo is one of the jewels of Paypal.
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