President and CEO, LG Chem Power
Mark Britto is the chief product officer at PayPal, responsible for all product development and launches. The payments giant has been on a tear. It’s seen record accounts and transaction volumes, and its stock price is trading at all-time highs, hovering around $190 at the time of this writing.
In recent months, Britto has led PayPal's response to the coronavirus pandemic. He launched new products like QR codes to pay and spearheaded PayPal's facilitation of PPP loans for small businesses.
In a statement to Business Insider, Britto said: "Our agnostic approach to payments and our world-class fraud and risk capabilities excites me as it gives us an enormous competitive advantage and enhances our ability to scale and move quickly.’’
QR codes were one of the main drivers for the payment giant’s strongest quarter ever for new accounts, its second-quarter earnings show.
"I see it as my responsibility to provide teams with context and autonomy, which in turn allows our employees to deliver the highest quality products possible at record speed,” he said. “It’s this unique culture of innovation that makes leading our product strategy a delight."
Britto also leads PayPal's consumer and merchant credit business. He joined PayPal in 2017 and has extensive experience in payments, founding peer-to-peer payments Accept.com (acquired by Amazon in 1999) and mobile payments company Boku.