eBay’s CEO, John Donahoe, believes that digital payments should account for a lot more of the global payments market than they currently do.
One of the big ways he’s trying to make that happen is by ensuring his PayPal subsidiary grows its volume in the most promising digital payments space — mobile. On that front, it appears he’s making good progress as quietly, mobile payments have become a multi-billion dollar business for PayPal.
That, for obvious reasons, is probably not what bank executives want to hear. So it’s no surprise that banks and other traditional players in the finance and payments markets are getting involved in the most promising digital payments space.