22 May 2015

PayPal expects to handle $7 billion in mobile payments volume in 2012

13 January 2012  |  8803 views  |  0 PayPal logo

PayPal is projecting that it will process $7 billion in mobile payments in 2012, almost double the $4 billion mark recorded in 2011.

The $7 billion 2012 forecast was made by eBay CEO John Donahoe at the CES technology show in Las Vegas.

it comes after a breakthrough year for mobile shopping as PayPal hit $4 billion in mobile payment volume, a huge increase on the firm's original 2011 prediction of $1.5 billion and the $750 million in mobile payments captured in 2010.

Donahoe says the firm currently has more than 17 million PayPal customers regularly making a purchase through their mobile phone, up from the eight million reported in June.

Mobile shopping apps and tablets are expected to play a major role in driving adoption, he says.

Recent IBM Benchmark data indicates that 75% of shoppers this holiday season made purchases on their tablets, with the iPad driving the bulk of these transactions.

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board, sign up now.

Related blogs

Create a blog about this story (membership required)

Related stories

09 January, 2012
20 December, 2011
08 December, 2011
28 November, 2011
25 November, 2011
04 November, 2011
12 October, 2011
07 July, 2011
30 June, 2011
16 June, 2011
27 May, 2011
03 May, 2011

Related company news


Who is commenting?

Top topics

Most viewed Most shared
Cash overtaken by non-cash payments in the...
5773 views comments | 45 tweets | 30 linkedin
MasterCard launches personal payments serv...
5434 views comments | 15 tweets | 26 linkedin
US banks bid to crack down on 'card cracki...
5255 views comments | 8 tweets | 10 linkedin
Researchers build model to predict which d...
5058 views comments | 15 tweets | 11 linkedin
Rise of the FinTech - A threat to Retail B...
5035 views 3 | 7 tweets | 7 linkedin

Featured job

up to £95K base, £190K OTE, benefits
London, UK

Find your next job