13. Make your idea real business
with PayPal
Junction Tokyo 2018
Editor's Notes
PayPal is delivering on our strategy to become the world’s leading and largest open and independent digital payments platform and to drive the global transition to digital payments. This strategy involves innovating to create engaging and rewarding customer experiences, becoming the payments partner of choice for businesses seeking to connect with their customers in new and engaging ways, and making PayPal available everywhere people want to shop, pay, manage and move their money.
PayPal is putting our customers at the center of everything we do by creating innovative products and customer-focused experiences to encourage and accelerate the adoption of digital and mobile payments.
PayPal is rapidly becoming the payments partner of choice for businesses who are looking to digital payments to unlock new growth opportunities. By working with industry-leading brands PayPal is becoming more available in more places for our customers.
In 2017, we are building on our successful industry partnership strategy to forge strategic alliances with companies that can accelerate PayPal’s availability and growth in strategic geographic markets and further fuel the move to digital payments around the globe.
Because PayPal is committed to democratizing money for people, expanding the consumer financial services available to the underserved is a natural area for us to focus our energies, but we cannot do it alone. To make the management and movement of money better for people everywhere we need to partner with companies across the ecosystem. Our goal is to work with our partners to offer accessible and affordable financial services to all and to extend financial citizenship to people around the world who are currently underserved or excluded from the current system.
According to the World Bank, 2 billion adults around the world don’t have a bank account and far more who have access to banking are underserved by the financial system. In the U.S. alone, the FDIC says that 1 in 3 households were entirely underserved by the financial system.
We have a flywheel for growth that’s already driving great momentum because there is a strong network effect in the digital payments business.
Scale and data – here’s our point of differentiation. At the heart of everything we do with data, we do for our customers – not for advertising, not for hardware but to help them connect better. To make their transactions safer and faster.
Data not only enables better customer experiences, but also enables us to take on more risk.
Our economies of scale mean that we gain intelligence to enable us to take on more risk, accelerating growth.
We want to enable the good guys while keeping the bad guys out. This allows us to grow faster and provides value to merchants and consumers.