Paypal predicts $3 billion mobile payments in 2011
Paypal has upped its mobile total payments volume (TPV) projection for 2011 to $3 billion, the third update to the company’s forecasts for this year.
An initial speculation of $1.5 billion was increased to $2 billion in February but the latest estimate doubles the original figure.
Laura Chambers, senior director of PayPal Mobile, said on the company's blog the company is now seeing up to $10 million in mobile TPV per day up from $6 million in March this year. “Mobile payments are growing at a rate we never could have imagined when we started processing them back in 2006,” she said. “We’re thrilled by this news.”
