Payment processing platform's boss lays out plans

Former American Express employee, and current President of Paypal, Dan Schulman in a media event unfolded his future plans for the payment processing company.

He said: "You’re going to see a fundamental change over the next three, five, 10 years, with more of it going to mobile and point-of-sale checkout."

The Paypal chief also announced an integration with Bigcommerce- Austin based e-commerce software company.

He also told attendees that the company’s innovative OneTouch web and mobile service is a leap forward, adding that customers only just need to opt in.

OneTouch web and mobile service enables Paypal users to make purchases from third-party websites without going through the hassle of typing their payment details.

News also has it that Paypal is planning to go public soon.

You heard it first from Pulse Tech.