PayPal mobile payments break records over Thanksgiving shopping weekend

PayPal mobile payments - PayPal Logo

Over $1 Billion mobile payments were made via PayPal on both Black Friday and Cyber Monday. PayPal mobile payments was the preferred payment method for many mobile users during America’s biggest shopping weekend of the year. The American-based worldwide online payment system has revealed that, for the first time ever, it saw over $1 billion in mobile payment volume on Black Friday and hit this record-breaking volume again on Cyber Monday. There were higher mobile payment volumes on Black Friday than Cyber Monday. What is particularly surprising about the data…

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Australian mobile commerce is taking off among consumers standing inside stores

Australian Mobile commerce Trends

New research results from PayPal show that Aussies head to shops to make purchases on their phones. Australian mobile commerce has been taking off in a rather interesting way, says recent PayPal data released by the company. The research revealed a nearly 50 percent increase in the number of Australians purchasing products and services by way of their mobile devices. Mobile shoppers are using their devices to buy something at least once per week in that country. The PayPal data revealed one in four people prefer the Australian mobile commerce…

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J.P. Morgan Chase and PayPal mobile payments deal announced

paypal mobile payments app - money2020

Two giants in the payments industry are now working together – as well as competing – under a new agreement. J.P. Morgan Chase and PayPal mobile payments – two companies among the highest profile firms in mobile wallets – have announced a new partnership within their continuing competition. They have now developed terms for a new deal that they announced at the end of last week. This agreement expands the Chase Pay mobile wallet service reach from J.P. Morgan Chase. The Chase Pay service is a form of mobile wallet…

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PayPal is looking to mobile payments to continue its revenue growth

paypal venmo mobile payments

The online transaction company was able to experience a massive spike in revenue in the last quarter of 2015. During the last quarter of last year, PayPal was able to create an increase in its revenues by 21 percent, bringing them to $2.6 billion, much of which was generated by the adoption of mobile payments in a number of different forms. Revenues are also believed to have been boosted at PayPal through its acquisition of Xoom, the remittance firm. The acquisition closed during the fourth quarter and PayPal has said…

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PayPal mobile payments roll out at Shell UK gas stations

Paypal mobile payments

Drivers will now be able to use their smartphones to pay when they fuel up at the pump. Drivers stopping at Shell UK service stations to fuel up will now be able to use mobile payments at the pump using their PayPal account in combination with the Shell Motorist app. Earlier this year, Shell said it would implement the service at the “vast majority” of its locations. In that statement, it said that the mobile payments service would roll out across most of its 1,000 stations throughout the United Kingdom.…

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PayPal sees a future in mobile payments

Paypal Mobile Payments

New CEO aims to make PayPal more mobile PayPal has big plans for the future, especially when it comes to mobile payments. A new CEO is coming to the company in Dan Schulman, who wants PayPal to become much more than a simple third party in the commerce space. In the future, PayPal may introduce an operating system that is designed with digital commerce in mind. The company aims to become a much more powerful force in the finance industry, where mobile is beginning to play a more prominent role.…

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PayPal is trying to make e-commerce easier

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Mobile service from PayPal app is coming to the web PayPal is bringing one of the most popular features of its mobile app to the web. Those using the PayPal mobile app have the ability to make “one-touch” payments, no matter what kind of mobile device they are using. This feature means that people only have to log-in to their PayPal account in order to make a transaction, even if they are making use of different applications at the time. This has become a well favored feature among consumers. One-touch…

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Mobile payments firm, Paydiant, to be sold to PayPal

paypal venmo mobile payments

This acquisition has been announced as the competition from Google and Apple continues to rise. The PayPal unit at eBay has now announced that they will be purchasing the mobile payments company, Paydiant, as it works to enhance its strength in the market while competition continues to grow in the in-store environment, particularly from large players such as Google and Apple. The deal will provide PayPal with immediate access to the businesses who are already using Paydiant tech. Those businesses include a large number of customers ranging from Subway to…

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Mobile payments through PayPal rose 43 percent on Thanksgiving

paypal venmo mobile payments

When compared to the same day in 2013, m-commerce was found to have broken many records. Holiday shopping is already off with a bang over every channel, and PayPal has now released some of the statistics with regards to the mobile payments that it processed, starting on Thanksgiving Day. What it showed was that its processing as a result of m-commerce is off to a great start in 2014. From that day alone, the company reported that it saw an increase of 56 percent in the global mobile payments volume…

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PayPal launches new mobile payments app for Pebble

Pebble Steel Smartwatch mobile payments

PayPal has brought its mobile commerce application to the Pebble wearable device PayPal has announced the launch of a new mobile payments application designed specifically for the Pebble smartwatch. The app will allow Pebble users to pay for products at retail stores that support mobile commerce. The Pebble device was released in 2013 and more than 400,000 of these devices have been sold as of March 2014. The smartwatch is fairly simple, acting as a device that can receive text messages, emails, alert of incoming calls, and provide notifications from…

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Mobile payments must not try to replicate the “card-based experience”

Paypal mobile payments

According to Rob Harper, head of retail at PayPal, retailers need to try to avoid that inclination. The head of retail at PayPal has released a statement that said that if retailers want to succeed with mobile payments, then they need to improve the overall experience and stop trying to replicate the “card-based experience”. This statement was made when Harper spoke at a London Olympia an e-commerce expo. Harper made reference to recent research, which determined that in the United Kingdom last year, businesses lost £1.5 billion in mobile commerce…

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