(PYPL) - Why PayPal's CEO Is 'Extremely Confident' In The Company's Business Model | Benzinga: "Many Growth Opportunities Ahead
Keane expanded that PayPal's growth opportunities include adoption of One Touch, triple digit growth at Braintree (expected to surpass $50 billion in processed volume), a large merchant omnichannel strategy, accelerated sign-up of small merchants, international expansion, increased frequency of consumer usage and the upcoming monetization of Venmo later this year or early next year.
Keane singled out Braintree, noting that it is a "leading mobile payments platform" given its developer-friendly ease of integration, open API format and reduced setup time from days/weeks to hours. Moreover, PayPal expects to take its recently acquired Xoom platform beyond the United States with plans to use more than 35 bank relationships internationally to facilitate further cross border payments."
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