Mar 26, 2010

How PayPal is taking on the mantle of Innovation Leader in the payment industry

This article by Patrick Gauthier gives an excellent overview of the trends driving payment innovation at Paypal, and compares the company's latest string of announcements with the relative lack of innovation coming from established players.

"Innovation is a matter of culture: PayPal is grounded in the advent of E-Commerce and Push Payments both permitting changes as radical as the introduction of the Association model did… four decades ago. This not only explains best why PayPal would try where other would shy away, it also exemplifies the challenge for leading providers."

I have known Patrick for many years, and am delighted to see that he is sharing his insights on PYMNTS.com

No comments: