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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My team and I tried cashing checks at check-cashing places and paying bills by money order. It's incredibly inconvenient and time-consuming - it's practically a part-time job just to manage and move your money.
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In many ways, leadership is about defining reality and inspiring hope, but if you have these great people around you and they know that what they do is going to be recognized, it can be incredibly powerful.
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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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Physical money, whether it's checks or cash or credit card, are digitizing in front of us.
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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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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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Software is eating the financial services industry. We have a large addressable market for PayPal to play in.
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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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There is absolutely no room for discrimination against anyone in our country or anywhere in world.
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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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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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On average, an underserved consumer spends 10% of their disposable income on unnecessary fees and interest rates.
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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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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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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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I consider myself a good communicator and a good salesman.
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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 am a huge mixed martial arts practitioner.
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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.
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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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There's always some potential vulnerabilities in any system.