How does PayPal give businesses an online opportunity?
OSAMA: We’ve historically focussed lots of engineers within PayPal leveraging this engine to build the next business on top of PayPal, and what the new platform will do is expose these capabilities to a third-party developer in a safe and secure way, so they can do that innovation themselves and in the process unlock a lot of different business models that are being held back by the inflexibility of the payment systems that already exist and the lack of interaction between mobile payment environments. About a year and a half ago we started experimenting with whether we could safely and securely open up this unique asset to a payment developer community and now we feel we’ve gotten it right and that we can start exposing these services in a pretty big way. How is this different from the developer program launched in July? OSAMA: The developer program we launched in July was about establishing whether there was a development community, how vibrant it was, whether we could leverage it and
