While PayPal launched its Square competitor last week, PayPal Here, Dorsey’s company does not intend to lose much ground. As an answer to PayPal touting its global reach, Square has nabbed a PayPal VP who will be extending Square’s presence internationally.
According to All Things Digital, PayPal’s VP of Products for North America, Alyssa Cutright, will be joining Square next week. Her 12-year stint at PayPal, where she had a hand in everything from localization efforts for payment to global risk management, will all be washed clean as she is crowned with the VP of International title at Square. A PayPal spokesperson confirmed the departure, but stressed that the PayPal here project was headed by David Marcus and Hill Ferguson, not Cutright.
San Francisco-based mobile payment company Square is currently locked within the US borders. The announcement for an international VP comes following Dorsey’s trip to France, where he met President Sarkozy, as well as discussed the “development of innovative companies in France” with Socialist-leaning presidential candidate Francois Hollande. Sarkosy had suggested to Dorsey that Twitter base its European operations in France.
PayPal Here currently is available for select merchants in the US, as well as Canada, Australia and Hong Kong and will become available to all merchants in those four countries next week. Communications Director, Anjuy Nayar, stated that, within the first 24 hours, the mobile payment venture had received 1,000 sign-ups per hour. He stressed that small business need a “secure, global solution” to get paid anywhere, anytime.
PayPal mobile VP David Marcus stated last week that PayPal is a trusted brand “with more than 100 million customers around the global and years of proven payment innovation.” After all that playing up of the global reach, Square’s PayPal poach seems like an appropriate volley back. The dongle version of the mobile payment wars are beginning to heat up.