14 DAY TRIAL // PayPal, the popular e-commerce platform has recently revealed just how popular it actually is: it has more than 100 million active accounts and the number keeps on growing so that by 2015, people might not even need to carry a wallet.
This payment method is has gradually been integrated with numerous types of services, ranging from online stores, donations or banking transactions.
Users all over the world have chosen PayPal not only due to wide variety of supported services, but also because it offers security.
Instead of carrying cash or credit cards in their pockets, one simply needs to login to their account and complete a simple transfer to the targeted location, without worrying they might lose their savings.
Scott Thompson, the president of PayPal, is confident that more and more people will realize the benefits of online payments, so that by 2015 wallets will become obsolete.
“We believe that by 2015 digital currency will be accepted everywhere in the U.S. – from your local corner store to Walmart. We will no longer need to carry a wallet.”
Also, he considers that users have started performing digital interactions more than a decade ago, and that the trend will surely keep on growing.
Thompson adds that the company will remain focused on creating “solutions that are not just new and different, but better than what is currently the norm today.”
The team of PayPal is bound to work harder to bring more security and ease-of-use to their payment platform since competitors have started to appear.
Google Wallet was recently launched and, while it has yet to prove itself as a worthy opponent, it definitely makes a statement: Internet players are not willing to let this business be monopolized by a single company.
More rivals are likely to emerge, so PayPal needs to stay focused and provide high-quality services so as not to disappoint its 100 million users and to attract even more.