Comment on Is PayPal Becoming Visa's Best Frenemy?

twocents@thestreet.com (Valerie Young), The Street
Wed, 05/25/2016 - 2:45am

Is PayPal Becoming Visa's Best Frenemy?

Friend or foe? To Visa CEO Charles Scharf, electronic payments firm PayPal is an enemy. In this growing digital marketplace, estimated to be at $8 trillion by 2020, the two companies compete for consumers who are buying products on mobile, tablets, or online. "If you are a foe, you're not a friend," Scharf said Monday at a technology and media conference organized by JPMorgan Chase.

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