It pays to play safe
Rohan Mahadevan, senior vice-president of international markets at PayPal, which handles about a quarter of all e-commerce transactions globally, tells why keeping its entire platform secure for customers and merchants is the company's top priority.
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DEMOCRATISING the movement of money may be an audacious ask, given that economies around the world - from emerging to developed - suffer from varying inefficiencies.
Addressing this universal need requires a ubiquitous presence, a platform that is both easy for customers to use and yet secure for transactions. Online payments stalwart PayPal believes it has this figured out.
PayPal was established in Silicon Valley in 1998 as Confinity, which developed security software for handheld devices before it was renamed and launched in 1999 as a money transfer service.
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