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PayPal raises mobile payments prediction to $7 billion in 2012

Rachel King

Friday, January 13, 2012 - 10:27

PayPal is expecting to nearly double what it saw in mobile payments volume in 2011 to nearly $7 billion for 2012.

One of the quickly growing trends in tech that didn’t have a very prominent showing at CES 2012 this week is mobile payments.

Nevertheless, there were plenty of major players in this field on hand throughout the show floor, including Visa and Intuit.

PayPal also made a mark on the show with a very strong prediction for mobile payments usage in 2012. During a panel discussion on Tuesday, eBay CEO John Donahoe announced that PayPal is projecting $7 billion in mobile payments volume for the digital wallet company in 2012.

 

Read the full story by clicking the link below
http://www.zdnet.com/blog/btl/paypal-raises-mobile-payments-prediction-to-7-billion-in-201 2/669....
 
Tags: Mobile Payments, Americas, Mobile Wallet, PayPal, eBay, Starbucks, Fandango

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