PayPal doubles m-payment target for 2012 to USD 7 bln

Thursday 12 January 2012 | 17:52 CET | News
Ebay CEO John Donahoe announced at CES that PayPal expects USD 7 billion in mobile payment volume in 2012, double the previous forecast. PayPal exceeded expectations for 2011, reaching USD 4 billion in mobile payment volume. This is a huge increase from the original 2011 prediction of USD 1.5 billion and the USD 750 million in mobile payments in 2010. Fuelling this growth is a combination of the success of PayPal's mobile-optimised checkout flows, and the rapid increase in consumer adoption of mobile shopping. PayPal currently has more than 17 million PayPal customers regularly making a

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Categories: Mobile & Wireless
Companies: Ebay / Fandango / IBM / PayPal
Countries: World
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