http://www.informationweek.com/mobile/mobile-business/paypal-pivots-from-platform-to-operating-system/d/d-id/1320528?
Later this year, PayPal will spin off as a public company separate from its mothership, eBay, which acquired the payment company in 2002. As it prepares for life without a corporate parent, PayPal faces growing competition from rival payment services. Alibaba, Amazon, Apple, Facebook, Google, Square, and Stripe, alongside more than a thousand other startups, aspire to be the next PayPal. But the first PayPal plans to continuing growing beyond the $8 billion in revenue it generated in 2014.
The financial services industry is about to embark on a period of rapid change driven by technology – the proliferation of mobile devices and the power of software to alter business models, said Dan Schulman, PayPal president and designated CEO upon independence, at a PayPal media event in San Francisco Thursday. Citing Moore's Law and the mobile revolution, Schulman described the impact of technological change on the financial services industry as a "digital tornado."
"We're coming into the market at a time when the financial services industry is going through some really fundamental shifts," said Schulman, asserting that PayPal is "very well positioned to be a leading player in that transformation."