Despite widely-speculated competitive threats from upcoming payment systems from Facebook as well as from Apple, management believes that PayPal's revenues could double by 2013. That growth will be powered by international growth, increasing eBay penetration to 75 percent from 69 percent today; new initiatives with credit growing revenues in the 40 percent range; and merchant coverage market share increasing to upwards of 24 percent from 18 percent today.
Monday, February 14, 2011
PayPal is Tail Wagging eBay Dog
PayPal is eBay's future, one might well argue. PayPal serves nine million merchants and over 90 million active accounts, expected to grow to 130 million by 2013.
Despite widely-speculated competitive threats from upcoming payment systems from Facebook as well as from Apple, management believes that PayPal's revenues could double by 2013. That growth will be powered by international growth, increasing eBay penetration to 75 percent from 69 percent today; new initiatives with credit growing revenues in the 40 percent range; and merchant coverage market share increasing to upwards of 24 percent from 18 percent today.
Despite widely-speculated competitive threats from upcoming payment systems from Facebook as well as from Apple, management believes that PayPal's revenues could double by 2013. That growth will be powered by international growth, increasing eBay penetration to 75 percent from 69 percent today; new initiatives with credit growing revenues in the 40 percent range; and merchant coverage market share increasing to upwards of 24 percent from 18 percent today.
Gary Kim has been a digital infra analyst and journalist for more than 30 years, covering the business impact of technology, pre- and post-internet. He sees a similar evolution coming with AI. General-purpose technologies do not come along very often, but when they do, they change life, economies and industries.
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