Friday, March 25, 2011

PayPal mobile transactions exceed USD 6 million daily - report

PayPal has reportedly exceeded USD 6 million in mobile transactions daily, media outlet reports, citing Fabio Sisinni, director of product management at PayPal Mobile.

According to the source, PayPal’s mobile payment transaction volume has grown from USD 24 million in 2008 to USD 140 million in 2009 and to USD 750 million in 2010. Moreover, Sisinni has claimed that the company is projecting to reach USD 2 billion in mobile transactions in 2011 and USD 7.5 billion in 2013.

The company’s overall payment volume has reached USD 92 billion in 2010, which represented a 28 percent growth year-over-year (y-o-y) and 61 percent of eBay’s overall volume, the source reports.

As part of future development, PayPal is planning to develop a wallet in the cloud, according to Fabio Sisinni. The announcement has been made at the International CTIA Wireless 2011′s Money Over Mobile pre-conference program.

PayPal counts 94 million active accounts and 9 million merchants operating in more than 190 markets. The PayPal system supports 25 currencies.

In recent news , e-commerce services provider AmeriCommerce has revealed the certified integration between its shopping cart software and PayPal's Express Checkout service.

via Paypers

Jason Kiwaluk

Mower & Shoveller,

Ideation | Ecommerce | Fintech | Innovation | Strategy | Opinionated Agitator RevenueWire,FuturePay+PayMotion

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