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PayPal mobile payments break records over Thanksgiving shopping weekend

12/05/201812/05/2018 L. Green

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…

Australian mobile commerce is taking off among consumers standing inside stores

11/03/201711/01/2017 L. Green

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…

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

07/24/201707/22/2017 L. Green

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…

PayPal is looking to mobile payments to continue its revenue growth

02/04/201602/03/2016 John Montgallo

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…

PayPal mobile payments roll out at Shell UK gas stations

07/29/201507/28/2015 Julie Campbell

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.…