Braintree And PayPal's Anniversary $50B | PYMNTS.com

Braintree And PayPal's Anniversary $50B | PYMNTS.com: "“At the time that we announced the PayPal/Braintree deal [in 2013],one of the things I was very public about…was that this wasn’t a typical acquisition, where the management team and I were going to ride off into the sunset shortly after the deal closed. Rather, we were doing [the acquisition] because we really believed in the vision we had for what mobile commerce could be – and PayPal shared that vision. It was the beginning of our next chapter.”"

From $12 billion in annual volume when Braintree first joined with PayPal, the company is now operating at north of $50 billion. That’s more than a fourfold increase in a span of two years, and a volume that Ready says that few other players — especially other new entrants in the payments space — have achieved.

Two years ago, Braintree had 56.5M cards on file; today it has 154M.

The Venmo Touch experience has morphed too. B.P. (Before PayPal), Venmo Touch was the first one-touch mobile buying experience to hit the market, allowing a consumer to pay in a single touch across multiple apps on their mobile device, Braintree, says Ready, “was ready to take that [experience] to the world,” and work hard to make it the default way that consumers buy on their mobile devices.

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