21 October 2017
Find out more

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

13 January 2012  |  9694 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)

Finextra news in your inbox

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

Related stories

PayPal partners Home Depot to trial POS tech

PayPal partners Home Depot to trial POS tech

09 January 2012  |  8698 views  |  3 comments
PayPal trials mobile NFC payments in Sweden

PayPal trials mobile NFC payments in Sweden

20 December 2011  |  10223 views  |  0 comments
Sofa surfers serve up Black Friday bonanza

Sofa surfers serve up Black Friday bonanza

28 November 2011  |  5435 views  |  0 comments
Starbucks and PayPal report surge in mobile payments

Starbucks and PayPal report surge in mobile payments

04 November 2011  |  10879 views  |  0 comments
PayPal aims to become your digital ID; unveils new bank, vendor, currency partnerships

PayPal aims to become your digital ID; unveils new bank, vendor, currency partnerships

12 October 2011  |  13080 views  |  0 comments | 1 tweets
PayPal to acquire mobile payment company Zong

PayPal to acquire mobile payment company Zong

07 July 2011  |  11359 views  |  0 comments
Paypal calls time on physical wallet

Paypal calls time on physical wallet

30 June 2011  |  11916 views  |  0 comments
Pizza Express and PayPal introduce iPhone payment system

Pizza Express and PayPal introduce iPhone payment system

16 June 2011  |  16686 views  |  1 comments
PayPal sues Google and Bedier over m-payment trade secrets

PayPal sues Google and Bedier over m-payment trade secrets

27 May 2011  |  12846 views  |  1 comments
PayPal buys mobile start-up Fig Card

PayPal buys mobile start-up Fig Card

03 May 2011  |  9620 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.vasco.com Register now

Top topics

Most viewed Most shared
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
8787 views comments | 22 tweets | 26 linkedin
satelliteGates Foundation backs Ripple collaboratio...
8617 views comments | 13 tweets | 10 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
7701 views comments | 9 tweets | 17 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
7169 views comments | 10 tweets | 22 linkedin
Eight banks form joint venture to launch blockchain trade platformEight banks form joint venture to launch b...
6777 views comments | 14 tweets | 23 linkedin

Featured job

circa £250K total package
London

Find your next job