PayPal is dominating the industry it created
Just this past summer, investors got their first chance to buy shares of PayPal (NASDAQ:PYPL) as an independent company. The payments platform has become a huge player in the electronic-payment industry, starting from its roots in primarily catering to customers of online auctions but then slowly but surely expanding beyond that business to offer smartphone-based payments as well as brick-and-mortar merchant support and even physical cards. With about a third of the company's transactions now happening on mobile devices, PayPal has done a better job than many of its tech counterparts in adapting to the new mobile world.
PayPal obviously faces threats from rival payment systems, including the two major players in the mobile operating system world as well as social-network companies aiming to facilitate greater interaction among their members. Nevertheless, with a considerable head-start on some smaller players in the industry and with a solid track record of holding off large competitors thus far, PayPal could well turn out to be the big winner in mobile payments in the long run.
http://www.fool.com/investing/general/2015/10/26/...aign=investorshub |
