Home » General Nugget » PayPal’s future CEO wants it to be the operating system for commerce

PayPal’s future CEO wants it to be the operating system for commerce

Fortune

As PayPal prepares to become an independent company in the next few months—it’ll trade under the old stock ticker PYPL—future company CEO Dan Schulman gave the media a glimpse at what the future will look like for the payment giant at a San Francisco event on Thursday.

eBay [fortune-stock symbol=”EBAY”] of course decided to spin-off PayPal as a public company, the company it acquired more than a decade ago, under pressure from activist investor Carl Icahn.

Schulman cited PayPal’s continued strength as growing payments provider to both merchants and consumers. In eBay’s first quarter earnings report in April, it was revealed that PayPal’s revenue had surpassed that of its parent company for the first time, with revenue growing 14% to $2.1 billion. With $8 billion in revenue in 2014, PayPal could be in the elite group of Fortune 500 companies, he added.

“This growth rate is all about mobile,”…

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