Dan Schulman Quotes

ATM is still a cash channel; we want to migrate it to the digital channel.

Mobile devices, high-speed data communication, and online commerce are creating expectations that convenient, secure, real-time payment and banking capabilities should be available whenever and wherever they are needed.

The sea change that has come is the information age. We don't have to just read The New York Times anymore. We can pull up something on the Internet and get any news that we like.

Even in developing markets, we're seeing the growth of digital communication is proceeding at a very rapid pace.

It is possible that the digital world may change the need for physical branches. We will continue to add branches incrementally, but we will reach a point - whether it is 1,500, 1,800 or 2,000 branches - where we will say enough is enough.

In order to thrive in the 21st century, you have to be a savvy citizen of the digital economy or risk being left behind.

In the space of one lifetime, the Internet has opened up opportunities that were previously inconceivable.

We're still in the first minutes of the first day of the Internet revolution.

Millennials' tech and global savvy will make them instrumental in shaping our mobile future worldwide.

The digital explosion has been so explosive.

The Internet is the dynamic engine that is driving our economy today and we must keep that open.

Government leaders need to ask themselves if they are positioning their country to reap the full potential of the digital economy.

Cash as a physical entity will virtually cease to exist, with coins and checkbooks consigned to museums. As people conduct their financial transactions on hand-held devices made secure by advanced biometrics, even tipping will be done electronically.

Even if it does not become cashless economy, it will become a less cash economy, and I think that itself is going to be a good and big achievement, and I think we are, as a country, gone through many of large changes, and ICICI has been a leader in many of them.

If we look at India and the Indian demographics and the Indian consumer, I think the Indian consumer is going digital, social, and mobile. They want everything in a digital format, everything available on the go, and we socially connected.

Technology is something you have to embrace because technology is part of our generation. Digital natives, for instance, are people who grew up in a world that always had the Internet and who always had smartphones. Millennials aren't too far behind: my generation of people, who were in the mix of the Internet when it first came out.

Money is catching up to the technological trends transforming all aspects of society and business; entertainment, insurance, health-care, gaming, leisure, retail - all commercial and social verticals are going digital - including money itself.

Social messaging has become the defining app of the smartphone era. Social payments has been a natural extension of this phenomenon - it's going to be the locus of most communications activity.

This is the thing that I think we're all learning from the Chinese: that this merging of messaging, media, and payments together really makes sense to people.

I think a lot of people have predicted the demise of cash, and they've frequently been wrong. But there's no question that the smartphone is leading to the digitization of money. You really now have all the power of a bank branch in the palm of your hand.

The digitisation of money, the rapid expansion of internet access and, of course, the adoption of mobile phones have created the perfect conditions to make it easier, secure, and affordable to save, spend, give, and borrow.

Even in mature economies, digital's benefits to society are substantial.

We live in a digital world where all is available at the touch of a screen. Money has been simplified, changed subtly over time from tangible bills to numbers in cyberspace. Cash is no longer in a cloth bag; it's numbers on a screen. Numbers that can be manipulated and modified. If you run out of numbers, you can just buy some more, right?

I dream of a Digital India where mobile and e-Banking ensures Financial Inclusion.

As we think about the future, one of the things we will do is to make sure PayPal becomes the central part of consumers' lives, how we enable consumers to manage and move their money more efficiently, easily, and less expensively than some traditional ways.