https://www.paypal-community.com/t5/image/serverpage/image-id/10498i9662491295327039/image-size/original?v=mpbl-1&px=-1

With the announcement of Apple Pay, Alibaba’s IPO, and the popularity of various payment systems, it is clear that PayPal has its hands on a golden opportunity. As one of the earlier payment systems, people have used and trusted PayPal. The division from Ebay is a great move that will allow PayPal to pursue new opportunities as mobile payments have become more and more popular.

Ebay has held back PayPal as a subsidiary of a downward company. Investor Carl Icahn has commented “PayPal’s a jewel and Ebay is covering up its value.” PayPal founder Elon Musk has gone on record stating “It doesn’t make sense that a global payment system is a subsidiary of an auction website… It’s as if Target owned Visa or something, [PayPal] will get cut to pieces by Amazon payments or by other systems like Apple and by start-ups if it continues to be part of eBay… It will either wither or be spun out.”

The division will allow PayPal to aggressively cement itself as a global payment system, in a market brimming with potential growth.

http://www.forbes.com/sites/stevenbertoni/2014/09/30/ebay-and-paypal-to-split-carl-icahn-and-elon-musk-wish-comes-true/