CLAIM #50691 · PayPal Holdings Inc (PYPL) · 2022Q4 earnings call · Feb 9, 2023 · due Dec 31, 2023
“we're going to probably take about 20% of our TPV through PPCP with integrations through Shopify, Adobe, TikTok, and move that to our most advanced checkout flows.”
Dan Schulman · CEO
In context
“ting against our high conviction growth areas. And we're doing that since I mean, we are -- the team is making a ton of progress. I mean whether you look at what we've done in Braintree to harden the infrastructure, to create additional capabilities over the holiday season during the Cyber 5, we were five 9s [ph] and above in terms of availability. And you see that in terms of kind of the new sales, people moving more volume over to us. Braintree's auth rates, something like 390 basis points better than the competitive set. And so a ton of investment there and making a lot of progress. We've put a lot of investment against PPCP, which is our unbranded, small and midsized and channel partner play. And by the way, it's not just unbranded. It has our most advanced checkout flows in it, and we're going to probably take about 20% of our TPV through PPCP with integrations through Shopify, Adobe, TikTok, and move that to our most advanced checkout flows. And so that, we've invested in, and obviously, the rest of checkout. Like things like our SDK and APIs, two years ago, we were not really playing in that developer market. And today, if you go to Postman, which is like one of the largest sites that developers go to, to look at SDKs and APIs, we're now one of the top 10 requested SDKs and APIs based on both popularity and quality of that. We actually are number seven, number eight at Stripe. And so we have really gone from almost nowhere to top 10 in terms of our SDK and APIs. And so -- and just all the basic hygiene, the next-gen stuff, we're working on, that is #1 for us. Like we are going to invest as much as we need to into that. We're going to invest in our digital wallets, our unbranded and our checkout. And that's where we are foc”
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SEC filings for PYPL ↗ · Claim quote is verbatim from the 2022Q4 earnings call.