#PayPal announces huge increase in #MobilePayments in 2011

Mobile PaymentsPayPal is truly paving the way in the mobile payments arena. The California based e-commerce company recently announced that in the year 2011, they facilitated m-payments to a tune of USD$ 4 billion dollars. Reported in Venture Beat, this figure is a significant jump from the 2010, when mobile payment transactions totalled USD $750million. This massive increase is due to the fact that PayPal has managed to blend both online and offline mobile commerce capabilities which, has made it easier for users to use their PayPal account.

Additionally, PayPal is currently looking to expand its network. In its partnership with US giant home improvement retailer Home Depot, customers will be able to make payments using a PIN code or a special PayPal card. With this move, Paypal is looking to increase its mobile payments earnings in the future.

Do you want to know how mobile payment platforms can generate growth for your business? Are you curious about implementing mobile payments in your organization?

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