30 August 2016
Find out more

PayPal names mobile man David Marcus president

29 March 2012  |  6372 views  |  0 PayPal logo

PayPal has replaced Scott Thompson, who quit as president in January, with its current mobile chief David Marcus, who joined the eBay unit last year when it acquired his direct carrier billing operator Zong.

In a blog post, eBay CEO John Donahoe, who has been acting as PayPal interim president since Thompson's departure for Yahoo, says Marcus brings a "founder's perspective" and "start-up energy" to his new role.

Marcus has taken to Twitter to express his excitement:

The new man founded Zong in 2008, enabling users to make online purchases for virtual goods using their mobile phone before selling it to PayPal last summer for $240 million.

Since then, he has acted as vice president of mobile, driving an increasingly important part of the business which is set to handle more than $7 billion in volumes this year.

PayPal has shifted its focus to mobile as a way to bridge the gap between online and offline, notably getting retailer Home Depot to roll out its in-store payment system nationwide.

Most recently, Marcus has been leading the development of PayPal's Square rival, offering small businesses a free dongle and app that allows them to accept card payments with their mobile phones.

Says Donahoe: "David's just the right leader for PayPal. For more than 15 years, he's been a successful technology entrepreneur with a passion for great products that both engage and delight customers. He's going to lead PayPal with that "founder's perspective," to bring start-up energy to PayPal's unmatched global reach and digital payment capabilities."

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Square poaches from PayPal as it bids for international expansion

Square poaches from PayPal as it bids for international expansion

21 March 2012  |  7433 views  |  0 comments
PayPal launches Square rival

PayPal launches Square rival

16 March 2012  |  11454 views  |  4 comments
PayPal re-imagines money for the digital age

PayPal re-imagines money for the digital age

14 March 2012  |  11139 views  |  1 comments
Home Depot to roll out PayPal in-store payments nationally

Home Depot to roll out PayPal in-store payments nationally

29 February 2012  |  8081 views  |  0 comments
PayPal creates 1000 jobs in Ireland

PayPal creates 1000 jobs in Ireland

21 February 2012  |  6028 views  |  0 comments
PayPal expects to handle $7 billion in mobile payments volume in 2012

PayPal expects to handle $7 billion in mobile payments volume in 2012

13 January 2012  |  9314 views  |  0 comments | 1 tweets
PayPal president Thompson quits for Yahoo

PayPal president Thompson quits for Yahoo

04 January 2012  |  5573 views  |  0 comments
PayPal trials mobile NFC payments in Sweden

PayPal trials mobile NFC payments in Sweden

20 December 2011  |  9730 views  |  0 comments
Consumers prefer PayPal over credit cards for online shopping - KPMG

Consumers prefer PayPal over credit cards for online shopping - KPMG

05 December 2011  |  20002 views  |  3 comments | 2 tweets | 4 linkedin
PayPal launches Send Money Facebook app

PayPal launches Send Money Facebook app

18 November 2011  |  9157 views  |  0 comments
PayPal goes after the high street

PayPal goes after the high street

15 September 2011  |  13605 views  |  1 comments
PayPal adopts NFC for direct phone-to-phone payment transfers

PayPal adopts NFC for direct phone-to-phone payment transfers

14 July 2011  |  8346 views  |  0 comments
PayPal to acquire mobile payment company Zong

PayPal to acquire mobile payment company Zong

07 July 2011  |  10181 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit www.abe-eba.euVisit VocaLink.comVisit capgemini.com

Top topics

Most viewed Most shared
India's Unified Payments Interface goes live with 21 banksIndia's Unified Payments Interface goes li...
9256 views comments | 23 tweets | 26 linkedin
R3 blockchain consortium sheds light on Concord projectR3 blockchain consortium sheds light on Co...
6696 views comments | 14 tweets | 14 linkedin
Cultural change crucial in digital transformationCultural change crucial in digital transfo...
6665 views comments | 11 tweets | 10 linkedin
Mondo becomes MonzoMondo becomes Monzo
6415 views comments | 14 tweets | 9 linkedin
hands typing furiouslyBlockchain: Some Remarkable Announcements!
6102 views 0 | 5 tweets | 14 linkedin

Featured job

Find your next job