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Evolution of the PayPal API Platform: Enabling the future of Money at WooCommerce Conference 2014

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Evolution of the PayPal API Platform: Enabling the future of Money

WooCommerce Conference 2014
San Francisco

Published in: Technology
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Evolution of the PayPal API Platform: Enabling the future of Money at WooCommerce Conference 2014

  1. 1. Evolution of the PayPal API Platform Enabling the future of Money WooCommerce Conference 2014 Deepak Nadig, Head of API Platform Engineering
  2. 2. PAST, PRESENT & FUTURE OF PAYMENTS Video also at https://www.youtube.com/watch?v=C4CKhCOQ7c0
  3. 3. BASIC NEEDS FROM PAYMENTS 3 • Payments need to scale across distances • Payments across currencies should be seamless • Payments need to be quick; ideally instantaneous • Payments need to be secure • Cost of payments should be low
  4. 4. USE PAYPAL ONLINE 4 WEB CHECKOUT MOBILE CHECKOUT PAYPAL ONE TOUCH
  5. 5. CHECK-IN TO PAY ON POS OFFLINE & ONLINE CONVERGING 5 SIMPLER AUTHENTICATION WALLET IN THE CLOUD
  6. 6. ACCEPT PAYMENTS ANYWHERE 6 PAYPAL HERE ACCEPT NEAR THE CONSUMER RECEIPTS IN THE CLOUD
  7. 7. FRICTIONLESS PAYMENTS WITH BEACON 7
  8. 8. WEARABLES AND FINGERPRINTS 8 aa BUILT-IN PAYMENTS FIDO
  9. 9. BRIDGING THE PHYSICAL WORLD 9 PHYSICAL  DIGITAL WITHDRAWALS & DEPOSITS
  10. 10. PEER TO PEER PAYMENTS 10 WHERE PAYPAL STARTED SEND AND REQUEST MONEY SOCIAL INTERACTIONS ADHOC PAYMENTS
  11. 11. ACCESS TO PAYMENTS ANYWHERE 11 ARDUINO/TEMBOO API AGGREGATORS INTERNET OF THINGS
  12. 12. EVOLUTION OF EXTERNAL API PLATFORM 12 PayPal API PayPal Capabilities 2001 Instant Payment Notification 2004 Transaction, Mass Pay API 2005 Direct Payment API, Express Checkout 2007 Payment APIs (NVP) 2009 Adaptive APIs (SOAP/XML, NV, JSON) 2013 Payment APIs (REST)
  13. 13. WHAT GOT US HERE WON’T TAKE US THERE 1 3 Mobile Local Social Digital Time Performance Limits reached High growth Kickoff
  14. 14. API PLATFORM – 2012 TO TARGET STATE 14 API Definition Internal or External Universal API Discovery Difficult Developer Portal API Design Project specific API as a Product Architecture Tightly coupled SOA Loosely coupled SOA Technology Proprietary Standards based Integration Expensive TTFHW1 < x min (1) Time to First Hello World – Time to make a simple call/application
  15. 15. API PLATFORM QUALITIES 15 API First API as a Product • Work back from the use cases • API Design • API portfolio • Aligned by capabilities Developer Experience • Easy to learn, integrate, diagnose • Time To First Hello World API Quality Attributes • Response-time • Availability Service Architecture • Encapsulated, Isolated • Craftsmanship
  16. 16. THE NEW API PLATFORM HAS BEEN A SUCCESS 16 Customer Application: eBay PayPal Web Web Page Application APIs: /v1/apis/applications Mobile Application Third-party Web Application Mobile Application (based on mSDK) Touch Samsung Wallet (Samsung Galaxy S5, Gear 2, Gear Fit) oauth2/token, tokens, /v1//v1/payments/vault/wallet/{wallet/payments/payments token user-activities payment payment id}/financial-instruments
  17. 17. PAYPAL CONTEXT 17 – 157 million active digital wallets – 203 markets in 100 currencies – 2M+ developers – 2013: Total Payment Volume was $180 billion – Q3 2014 – Total Payment Volume of $56.6 Billion, $7118 TPV / second – $12 Billion mobile – Growing 29% YoY – 895 million transactions, 9.7 million payments / day – 2014: >1 Billion Mobile Transactions in 2014 – 25% cross border In a dynamic environment – 300+ features per quarter – We roll 100,000+ lines of code every two weeks
  18. 18. TO CLOSE 18 • History of payments is as old as human history • Payment needs are the same, though technologies have evolved • PayPal has been enabling simple and secure payments • The API platform has evolved to support these products … • As well as what the future of money needs!
  19. 19. Thank you @deepak_nadig © 2014 PayPal Inc. All rights reserved. Confidential and proprietary. 19

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