Why a Mobile Wallet Isn’t Going to Be Enough
These days everyone is talking about the mobile wallet and how consumers will be able to pay with phones. Some technology companies are pushing mobile wallets, claiming they have the next breakthrough for future payments.
But why are people going to choose to tap and go with their phones rather than swipe their credit cards? And what benefits does the mobile wallet give to retailers?
People don’t want a digital version of their existing wallet. That's too limiting. They want to get back control of their money and be given the flexibility to shop and pay – anytime, anywhere and in any way that they choose.
You may wonder what new solutions are being provided to consumers and how they will be changing how we pay…At the end of 2011, PayPal will release new payments solution that will change the way we shop and the way we pay. Like no experience you have had before, imagine a technology that puts choice, flexibility and control in customers’ hands. PayPal will show you the latest in the industry and speak to a future you didn’t know would be here so soon.
More than $3,500 transacts over the PayPal network every second. As the leader in digital payments, PayPal predicts that we will be able to live our lives digitally by 2015 – choose this session to find out how.
Sam Shrauger is vice president of global product and experience and is responsible for product strategy and management, as well as user experience design. Most recently, Shrauger served as VP of global product strategy where he took the lead in defining the company’s future vision and strategy for its global product portfolio, which included launching PayPal’s digital goods payment solution.
Shrauger joined PayPal in April 2004 as a founding member of the newly formed merchant services business unit where he was involved in defining and executing product and marketing strategies for PayPal’s merchant products. Following that, Shrauger led several of PayPal’s product lines, including PayPal’s checkout product, and was responsible for leading the integration of Bill Me Later following the company’s acquisition in 2008.
Before joining PayPal, Shrauger held positions in product management and consulting with Agency.com, VerticalNet, Deloitte Consulting, and Quantum Consulting.
Shrauger received his MBA from the University of Virginia, and has a BA in Economics from the University of California at Berkeley.