Dan Schulman Quotes
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When we were associated with eBay, it was surprising to me how many merchants were very reluctant to work with PayPal because we were accessing their data and their information, and they felt in some way, shape, or form they were competing with eBay.
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PayPal benefited tremendously from having a close partnership with the eBay marketplace. It was a natural fit at the time.
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Online commerce is being replaced by mobile.
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As we think about the future, one of the things we will do is to make sure PayPal becomes the central part of consumers' lives, how we enable consumers to manage and move their money more efficiently, easily, and less expensively than some traditional ways.
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I grew up in a progressive household with a family that believed in equality for all, and that leaves its mark on you. In the past, I planned to go into politics and never considered Wall Street as an option.
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Managing and moving your money should be a right, not a privilege. This isn't about banking the unbanked. It's about re-imagining what consumer retail banking can be.
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I'm also the chairman of the board of Symantec, which is the world's largest cybersecurity - software cybersecurity company.
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We are excited to see how PayPal's global payment platform can help small businesses in Cuba thrive and grow by making it easier to connect to international markets.
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The cost of money rises dramatically if you can't afford to keep it in a bank.
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There is absolutely no room for discrimination against anyone in our country or anywhere in world.
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If you want to have the best employees, there really needs to be a vision and a mission. Talent looks for a mission. And if you have the best talent, that's the single biggest competitive advantage any company can have.
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More people are using PayPal more frequently.
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I think what we really need to think about is how do we reimagine the management and movement of money in an era where everyone will have a smartphone.
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Software is eating the financial services industry. We have a large addressable market for PayPal to play in.
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Digital payments have already made it easier to move and manage money. While there's more work to do, the potential is real and understood.
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On average, an underserved consumer spends 10% of their disposable income on unnecessary fees and interest rates.
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We're trying to democratise financial services, to ensure that management and movement of money is a right for all citizens, not the privilege of the affluent.
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One way to understand human progress is to look at how technology has made products and services - once reserved for the elite - progressively more accessible and affordable.
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I consider myself a good communicator and a good salesman.
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I am a huge mixed martial arts practitioner.
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There's always some potential vulnerabilities in any system.
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If we can provide a benefit and make money, it's a chance for us to expand the population of customers we serve, expand the products we put in the marketplace, and reinvent ourselves going forward.
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Monetizing by creating more value for a Venmo user makes a ton of sense to me. But other forms of monetization that are more intrusive, like in advertising or something like that, the jury is really still out for me.
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India is among the leaders in thinking about how technology can solve some of the problems about financial inclusion. But if you think that financial inclusion as a problem has a solution rooted in technology, it's obviously not the only thing.