Last week, PayPal hosted a roundtable in Washington, D.C., for policymakers and industry representatives on the exciting developments in the mobile payments ecosystem. Mobile is revolutionizing how people shop and pay, becoming the digital center of peoples' lives. As a global leader in mobile commerce, PayPal helps people transact anytime, anywhere and in any way. The company is a driving force behind the growth of mobile commerce and processed $27 billion in mobile payment volume in 2013.
Representatives from the Consumer Financial Protection Bureau, the Federal Trade Commission, the Federal Reserve, the Treasury Department and Capitol Hill listened as experts from PayPal discussed the future of the payments landscape, including where mobile is headed and what role policymakers can play in this exciting space.
For 14 years, PayPal has been revolutionizing the payments industry -- first with online payments in 1998 and then with mobile payments in 2006. PayPal allows consumers to pay online, pay with a phone, pay with a card from a wallet or pay with nothing but a phone number and a secure pin.