Total mobile payments from PayPal reach almost $4 billion last year

Paypal Mobile Payments wearable technology

The totals for the mobile payments in 2011 are in, and PayPal saw nearly $4 billion that year alone, which is an exponential growth from what it had seen the year, when sales totaled $750 million. These figures were released by David Marcus, the mobile vice president at PayPal, whose numbers created an even bigger perspective about the success of mobile payments by the company when compared to 2009, when they totaled only $141 million. According to Marcus, the initial expectations of PayPal were that 2011 would bring in $1.5…

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Pilot program from PayPal allows Home Depot customers to pay with a mobile wallet

Home Depot Mobile Wallet

PayPal, an eBay company, is preparing to make its first announcements about a new partnership that it has started with Home Depot Inc., which will allow the home improvement chain’s customers to use its new mobile wallet system to pay for purchases, in direct competition with credit cards from Visa Inc. and MasterCard Inc. According to a PayPal spokesperson, Anuj Nayar, this new deal between the two giants represents the first time that PayPal has achieved a retail partnership that will allow consumers to make payments using e-commerce tools at…

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