PayPal Loses Top Payment Exec to Google, Appoints New Head

PayPal’s Osama Bedier has resigned after eight years at the eBay-owned company and will take a job across town at Google.

In a blog post, Scott Guilfoyle, PayPal’s CTO, made the announcement and introduced the new head of the platform team, Matthew Mengerink.

But the departure of Bedier to Google is a big blow to PayPal, considering that both companies are racing to build next-generation payment platforms with a strong mobile component.

Bedier held the title of VP of platform and oversaw PayPal’s global payments platform, including mobile.

Mengerink is an internal replacement for the position, having worked at PayPal for 10 years. He previously led the PayPal architecture, infrastructure, payments development, core technologies, international development, customer quality and engineering services teams.

I will update when I hear more on what Bedier will be doing at Google.