PayPal is restructuring its global organization around mobile payments, the company announced this week.
Following last week’s rollout of a new, simplified site design, the payment processor will also simplify its approach to product development, notes David Marcus, PayPal’s president, in a blog post. All of the company’s product groups are to be consolidated into a single global organization, led by Hill Ferguson, who previously led the mobile unit.
“Mobile is simpler by definition,” Marcus writes. “Starting product designs from mobile will force the elimination of features introducing unneeded complexity.”
To further simplify payments, PayPal will also combine its Americas regional organization with the Global Financial Services group. The unit will be headed by Gary Marino, the founder of BillMeLater, which PayPal acquired in 2008.