Lloyd Dorfman Quotes

With Indian migrants all over the world, money transfer is a big business in India.

In the old days we were the challenger brand competing against the big banks, but today I go round the world and I sit with governors of central banks and finance ministers and, in some cases, prime ministers. They all know Travelex. We are regarded as the establishment - the world's largest retailer of foreign currency.

Shopkeepers are not bankers.

Banks are very big lobbyists. There is a long history in this country of prohibiting companies not in banking to get into the banking business.

Payments banks can also act as business correspondents of other banks.

The scope of activities for payments banks mainly includes acceptance of demand deposits, issuance of ATM/debit cards, payment and remittance services, and distribution of third-party products.

PayPal, which was founded in 1998, may be the closest thing to a global currency that has ever been created. Based in San Jose, California, the company operates in 190 markets, sending and receiving payments in 24 currencies on behalf of 90 million active members.

The idea of cross-border payments is going to completely go away... Our vision is for there to be no distinction between international and domestic payments.

We're a boring retail and commercial bank.

Banking may well be a career from which no man really recovers.

The only thing useful banks have invented in 20 years is the ATM.

Humans don't 'need' math-based cryptocurrencies when dealing with other humans. We walk slowly, talk slowly, and buy big things. Credit cards, cash, wires, checks - the world seems fine.

Goldman Sachs isn't the firm it once was when I worked for it, but it's still one of the building blocks of our capitalist society.

The banking industry has traditionally been characterized by physical branches, privileged access to financial data, and distinct expertise in analyzing such data.

There's no question: the finance market is moving into the cloud.

Banks now want you to pay for face time, as more institutions charge fees for what was once the ritual for withdrawing and depositing your money: interacting with a teller.

We are excited to see how PayPal's global payment platform can help small businesses in Cuba thrive and grow by making it easier to connect to international markets.

Certainly, some of the anti-bank rhetoric has shifted a little bit, but on either side of the aisle, there seems to be different tacts. On one side of the aisle, you see a proposed scaling back of Dodd-Frank. On the other, a proposed reinstatement of Glass-Steagall.

As with so many sectors of the economy, technology is transforming the retail banking sector.

Banks provide payment systems, core deposit and lending facilities that enable us to manage our day to day affairs.

Estonians are much more used to Internet banking rather than an online credit card.

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.

One of the main reasons that the landscape of financial stuff in America is different is that gambling is illegal there. So there's a kind of sport-like aspect to the American coverage of finance.

By any measure, CapitalSource outperformed both our direct competitors and the financial services industry in general, particularly in the context of the near collapse of the financial services industry where 19 of the 20 largest financial institutions in the country either failed or were bailed out by the government.

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.