PayPal opens more APIs for a role as “wallet in the cloud”
PayPal is about to open new development platform APIs, and the company gave a sneak peak to those attending the recent PayPal X Innovate09 conference in San Francisco.
Osama Bedier, vice president of PayPal’s Platforms and Product Development, talks about some of those new APIs in this building43 interview. He also talks about PayPal’s future as what he calls the global “wallet in the cloud.”
“The idea is that if you need to move money, this is the suite of APIs for you,” Bedier says.
PayPal’s intent is to be an “open platform for payments that will get embedded into every other platform” by developers, he says.
One new target market is the service industry that still depends on cash or checks, says Bedier, and to expand in that market, PayPal has to make it easy for developers to build on its platform.
Those attending the conference could choose between dozens of interactive technical sessions and had access to PayPal engineers to discuss new ideas.
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