03 December 2016
visit http://www.wolterskluwerfs.com

PayPal mobile shopping volumes scale new heights

05 December 2012  |  8963 views  |  0 Couple shopping

PayPal experienced its biggest ever mobile shopping day on Sunday, exceeding the previous record set on Cyber Monday a week earlier.

Cyber Monday - the first day back at work after the US Thanksgiving break - is traditionally the busiest online shopping day for e-commerce merchants. But as more consumers access the Web through their mobile phones and devices, the trend lines appear to be shifting.

PayPal saw a 190% increase in global mobile payment volume on Cyber Monday 2012 compared to the same day in 2011. The company has yet to release the precise figures spent, but the record sales recorded on Monday were exceeded by more than $1 million the following Sunday.

Anuj Nayer, senior communications director at PayPal says: "Thanks to smart phones, tablets, and other mobile devices, modern holiday shopping has evolved into a buy anytime, anywhere experience. We expect that trend to continue throughout the holiday season."

All eyes now move to the UK, where record digital sales were confidently predicted for Mega Monday - the first Monday in December and traditionally the busiest day of the year for online shopping in Britain.

With a weakened economy and depressed household budgets compared to the same period last year, e-commerce merchants are banking on more consumers turning to the Web in search of better deals than those available from brick and mortar retailers.

Visa last month forecast that £320 million would be spent online on its cards alone on Monday, while UK retail association IMRG anticipated a £920 million spend by consumers using mobile devices in the first two weeks of December.
KeywordsE-COMMERCE

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

Black Friday online sales top $1 billion milestone

Black Friday online sales top $1 billion milestone

26 November 2012  |  4346 views  |  0 comments | 6 tweets
Mega Monday: UK Christmas shoppers set for busiest e-commerce day in history

Mega Monday: UK Christmas shoppers set for busiest e-commerce day in history

20 November 2012  |  6983 views  |  0 comments | 11 tweets | 2 linkedin
We wish you a mobile Christmas

We wish you a mobile Christmas

12 November 2012  |  5592 views  |  0 comments | 11 tweets | 4 linkedin

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit contisgroup.comhttp://www.financialcrimerisk.fiserv.com/aml?r=finextraFind out more

Top topics

Most viewed Most shared
Royal Mint to issue digital goldRoyal Mint to issue digital gold
6161 views comments | 22 tweets | 21 linkedin
ING pulls plug on P2P payments app TwypING pulls plug on P2P payments app Twyp
5491 views comments | 16 tweets | 15 linkedin
R3 and Calypso to develop blockchain trade confirmation systemR3 and Calypso to develop blockchain trade...
5412 views comments | 13 tweets | 12 linkedin
EBA told that tougher authentication will have a "chilling" effect on single marketEBA told that tougher authentication will...
5369 views comments | 18 tweets | 20 linkedin
UK challenger bank Masthaven opens for businessUK challenger bank Masthaven opens for bus...
5361 views comments | 15 tweets | 13 linkedin

Featured job

to Six-Figure Base, Bonus, Benefits
London, UK

Find your next job