According to statistics released from PayPalOnline and Mobile Shopping Insights 2011, mobile shopping here in Singapore is expected to increase from S$328 million (US$259 million) in 2011 to a whopping S$3.1 billion (US$2.4 billion) in 2015. And with nearby half of all online shoppers making a purchase on their smartphone devices while on-the-go, businesses ought to start looking at how they should adapt to such shopping behaviours.

Today PayPal officially released two solutions in Singapore: “PayPal Mobile Payments Standard” and “Mobile Commerce in a Box,” to help Singapore businesses increase their mobile conversions and sales, as well as engage mobile shoppers.

In a press conference today, Rahul Shingal, director of PayPal Mobile Asia Pacific said,

PayPal is aggressively driving this change by streamlining the payment process in as little as two clicks on web-enabled mobile devices for millions of consumers and businesses across the world. The time is right for Singapore’s retail industry to go multichannel by offering mobile-optimized checkout and mobile shopping websites to take advantage of this major change in consumer shopping behavior.