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PayPal On Track To Process Over $500 Million In Mobile Payments During 2010

Posted by TeamITI on September 28, 2010

In a guest post on Mashable today, Bill Zielke, senior director of Merchant Services at PayPal, divulged some interesting statistics in relation to his company’s mobile commerce and payments position.

PayPal has made a lot of progress recently on the mobile front, including integrating its ubiquitous payment technology in numerous apps and mobile services.  The company was one of the first to dive into mobile payments in a big way.  Because of it, PayPal is on track to process more than $500 million in mobile payments in 2010.  This is following dramatic growth, increasing nearly six-fold from $25 million in 2008 to $141 million in 2009.

Zielke said more than 5 million members regularly use PayPal from a mobile device, with those numbers rising substantially as their respective mobile apps have matured overtime.  This is in line with estimates that peg consumer spending via mobile devices at $119 billion by 2015, accounting for roughly 8% of all e-commerce activity.

This article is published by Mobile Marketing Watch, click here to read the original article.

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