Paypal mobile payments rise 250%

paypal mobile payments rise 10 billion 250%

Paypal has announced that it expects to process more than $10 Billion in mobile payments this year, a rise of 250% over 2011

"Consumers are choosing PayPal Mobile because it offers a unique, easy and safe way to pay on a mobile device. And merchants are finding that putting PayPal on their mobile experiences drives higher checkout conversion and higher sales. In fact, according to a commissioned study completed in July, 35% of all mobile sales completed with PayPal Mobile Express Checkout were incremental."

Said John Donahoe during parent company eBay's third quarter 2012 earnings conference call.

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