here's what schulman had to say? you know we did four billion transactions last year. mobile grew last year tremendously. in the first quarter, 30% of our overall billion transactions we did were on mobile. that grew 40% year-over-year. so you're seeing an explosion in digital payments going forward. so schulman's point to me was as he sees it apple pay benefits him. he points out a lot of merchant who is are apple pay clients are integrating paypal technology. it's not the tech giants as you know out here in san francisco and silicon valley, there are a lot of young, hungry start-ups. gunning for paypal's business, including stripe, re/code reporting that stripe will announce a new round of funding, valuing the start-up at $5 billion. but schulman, not intimidated by stripe or any other start-up. here's what he had to say about that competition. >> that data gives us a tremendous advantage over any start-up that scale. we can use that data to sort through the risk analytics, how can we prevent bad guys from coming i