PayPal Signals Importance of Mobile in Company Reorganization

PayPal's new president David Marcus announced a reorganization on Tuesday and signaled his belief in the importance of mobile. The blog message came after the company rolled out a new web design last week, and Marcus said the company is moving toward simplicity.

PayPal is consolidating product groups into one global product organization that will be headed by former head of PayPal mobile Hill Ferguson, as announced last month.

"Starting product designs from mobile will force the elimination of features introducing unneeded complexity," Marcus said. eBay Inc. sees innovation, particularly around mobile commerce and payments, as key to its future. In its first-quarter 2012 financial release, eBay said PayPal expects to process $7 billion in mobile TPV in 2012.

PayPal is also combining the Americas regional organization, with its Global Financial Services group. Gary Marino, who was the Founder and CEO of BillMeLater, acquired by PayPal in 2008, will lead the combined entity.

Marcus called the reorganization a move toward simplicity. "Our 110 million consumers, and millions of merchants around the world deserve simpler, better, beautifully designed products and services. We made a first step on this with our newly redesigned website last week and everyone at PayPal is fully committed to delivering on that promise. Expect to see more results of these changes over the next few months."