3 Reasons PayPal's Taking Share of Online Checkout
Visa and Mastercard reported 18% and 20% increases, respectively, in card-not-present spending (excluding travel) for the month of April. PayPal (NASDAQ: PYPL) grew branded transactions more than twice as fast -- up 43% in April, CEO Dan Schulman said during its first-quarter earnings call. When asked how PayPal is managing to grab market share despite a constant influx of competition for online checkout, CEO Dan Schulman gave three reasons: scale, technology, and brand.
