It is currently estimated that PayPal mobile payments will generate a volume of $3 billion in 2011, which is twice what was forecasted in the last quarter of 2010, and has increased significantly from the $2 billion prediction from April, 2011. Paypal has explained that its current mobile payment volume is a total of $10 billion, which is a jump from the figure seen in March, which was a daily $6 billion. This tremendous spike in volume indicates that PayPal has discovered a successful path for allowing for mobile device-based…
Read MoreThe mobile payment struggle faced by PayPal
