David Lauber on international expansion
From Shift4 CEO on consumer confidence, partnership with PayPal and space commercialism · · CNBC Television
“Europe is a key part of that. It allows us to serve the EU, Israel, parts of Eastern Europe, Hong Kong. But this is just one piece of the puzzle. We're organically expanding into Canada, the Caribbean, looking at inorganic opportunities that will take us to other continents as well. We're focusing on the critical mass. It's just one really important part of that story.”
On , David Lauber, President & Chief Strategy Officer at SHIFT4 PAYMENTS INC, spoke about international expansion during Shift4 CEO on consumer confidence, partnership with PayPal and space commercialism on CNBC Television.
About David Lauber
David Lauber, President and Chief Strategy Officer at Shift4 Payments, discussed the company's growth and consumer trends in a September 2023 interview. He stated that Shift4's guidance, which included 40% year-over-year volume growth at the low end, accounted for a possible mild recession, but added that based on data, "things are still good" and "consumers are healthy and spending." Lauber noted that Shift4 historically focused on in-person experiences like restaurants and hotels, and in the past year and a half expanded into travel, leisure, and gaming, leading to a partnership with PayPal. He described international expansion, including into Europe, Canada, and the Caribbean, as a key part of the company's next evolution. Lauber also commented on the space economy, identifying himself as a space enthusiast who had been in orbit. He expressed excitement about possibilities in low-earth orbit and beyond, including new energy sources and a future space economy. However, he noted that the shift from a zero-risk capital environment in 2020 to higher Treasury rates made "moon shot bets" more difficult, and predicted a "correction" that would thin out the landscape of space companies.