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PayPal (PYPL) has had one heck of a year.

Shares of the digital payments company have surged 61% this year, blowing away Facebook (FB) , Apple (AAPL) and JPMorgan (JPM) . After TheStreet talked with PayPal CEO Dan Schulman at length, you can see why Wall Street has embraced the stock. PayPal is really reinventing itself.

The company is striking new deals to open up its platform to others such as Facebook and Baidu (BIDU) .

"I think digital payments is in its infancy right now, and what I think the market is looking for are pure plays in what is unfolding in the future," Schulman explained to TheStreet.

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Watch the full interview with Schulman here. 

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