The payments industry grabs headlines, but a recent revelation about PayPal unit of eBay (NASDAQ:EBAY) provides reason for optimism.
At the TRANSACT14 conference in April, executives from a variety of firms provided insight into the shifting world of payments industry. Yet one of the key moments was the "Winning Through Mobile" keynote session by PayPal's vice president of retail operations in North America, Brad Brodigan. In it he outlined the moves PayPal has made into the mobile payments industry -- its mobile volume has grown from just $750 million in 2010 to $27 billion in 2013 -- and also the vision he has for the future.
And while that rapid growth over just three years is mind blowing, Brodigan suggested more needs to be done in order for the payment landscape to be markedly changed. Yet he remains optimistic and believes through the focus of two key areas, PayPal will be "uniquely positioned to have long term success in the mobile payments space."
In the video below, Motley Fool Contributor, Patrick Morris outlines the focus areas of eBay and PayPal, and why investors should share the sentiment of Brodigan.
Patrick Morris has no position in any stocks mentioned. The Motley Fool recommends eBay. The Motley Fool owns shares of eBay. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.