Cash is still king even as digital payments are set to rise, says PayPal CTO [CNBC]
PayPal Holdings, Inc. (PYPL)
Last paypal holdings, inc. earnings: 1/29 04:15 pm
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Source: CNBC
Cash is still king even as digital payments are set to rise, according to PayPal's CTO Cash still matters, and it won't go away anytime soon, according to the chief technology officer at PayPal . Many companies are trying to create a digital payments economy, but they face stiff competition from regular currencies, according to Sri Shivananda, senior vice president and chief technology officer at PayPal. "The competition is cash," Shivananda told CNBC in an interview last month. "It's not even, like, you're fighting for each other's volumes. It's actually cash." Last year, a study from consulting firm Capgemini and bank BNP Paribas predicted that by 2020, people around the world would make about 726 billion transactions using digital payment technology. The study found that emerging markets are expected to drive the upward trend. Developments in new technologies such as contactless bank cards, wearable devices and augmented reality will drive cashless transactions in the future, acco
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- Remittance Market to Hit Enormous Growth of 10.50% By 2033 | Rise in Cross-border Transactions & Mobile-based Payments [Yahoo! Finance]Yahoo! Finance
- PayPal: New Growth Opportunities Observed - Promising Turnaround Could Be Ahead [Seeking Alpha]Seeking Alpha
- Checkout.com launches 'Flow,' a simple way to boost conversion online and improve the checkout flow [Yahoo! Finance]Yahoo! Finance
PYPL
Earnings
- 4/30/24 - Beat
PYPL
Sec Filings
- 5/9/24 - Form DEFA14A
- 5/6/24 - Form DEFA14A
- 5/2/24 - Form DEFA14A
- PYPL's page on the SEC website