How many of you have used PayPal’s mobile app to transfer money? How many of you have purchased on mobile online-commerce sites using PayPal? Paypal forecasts $3 billion in mobile-device payments in 2012.
The online payments service, which is owned by eBay, had projected last fall that it would process $1.5 billion in 2011. It raised that projection by half a billion earlier this year before releasing the latest figure Thursday.
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“Every week I look at the numbers, I get a sense of surprise,” said Laura Chambers, PayPal’s head of mobile. She says the increased mobile transactions are due to more smartphone adoption and familiarity with PayPal.
The service also says it now has eight million users and is seeing up to $10 million a day in mobile total payment volume.
Read More: http://blogs.wsj.com/digits/2011/06/23/paypal-says-mobile-payments-to-hit-3-billion/
