These 8 PayPal execs are leading the company during a record period of growth as e-commerce and digital payments boom

PayPal has long been known for powering both merchants’ and consumers’ online payments and running the peer-to-peer payments app Venmo.

Since its 2015 spinoff from eBay, PayPal has continued to grow globally as an independent digital payments company. In 2019, PayPal saw 15% increase in revenue and 25% increase in the number of payments it processed.

And now, digital payments have taken off amid the coronavirus pandemic, with consumers consumers and merchants alike looking for more ways to digitize the way they pay, both online and in-person.

“Digital payments, whether online or in-store, will become an integral part of our daily lives, even when shelter-in-place restrictions lift,” PayPal’s president and CEO Dan Schulman said during its first-quarter earnings call.

“The steps we’ve taken over the last several years have positioned us to extend our market leadership in the digital payments industry,” Schulman added, referencing PayPal’s acquisitions of companies like GoPay, Honey, and Xoom.

“Each of our acquired capabilities take on heightened importance in a time where online and offline have blurred almost overnight for merchants of all sizes,” Schulman said, “and where consumers have embraced e-commerce and digital forms of payment as a way of life.”

In April, PayPal gained a monthly record of 7.4 million new active users, adding to its first quarter-end total of 325 million (it has long-term aspirations to hit 1 billion users). And on May 1st, it saw a record number of transactions in a single day on its platform. Its stock price surged to an all-time high following the news, and has continued to climb, currently trading around $170 per share.

Here are the 8 execs driving PayPal’s growth, launching new products, and positioning the payments giant to take off in an increasingly digital world.