PayPal CEO Dan Schulman is committed to helping support and promote financial inclusion by democratizing financial services and making banking activities more broadly available to everyone; the company is well positioned to support this initiative with more than six billion transactions occurring on its platform annually; Schulman provides some metrics around the benefits of digital transactions noting that the typical underserved population spends 10% of its disposable income on unnecessary fees and interest rates and with technology the cost of basic transactions can be lowered by as much as 80% to 90%.
In its first Fintech Conference, New York University's Stern School of Business discussed some key topics in the industry including regulations to public policy, equity crowdfunding, marketplace investing and blockchain technology; Dan Schulman, president and CEO of PayPal, was the keynote speaker; panel discussions included, "Marketplace Investing Versus Venture Capital" and "Beyond Blockchain and the Decentralized Autonomous Organization." Source
PayPal’s CEO Dan Schulman has written an article in the Wall Street Journal; he believes that while technology generally has improved the lives of many, the potential of applying technology to expanding financial services is still unrealized; most people manage their money the same way they did years ago and fees paid by Americans still total $170 billion every year; Schulman believes that collaboration is key to achieving universal financial health. Source