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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PayPal is looking to mobile payments to continue its revenue growth
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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