PayPal has raised its forecast for 2011 "Mobile Total Payments Volume" to $3 billion, up from $2 billion just a couple of months ago. It's the third upward revision to the numbers since the first estimate of $1.5 billion at the beginning of the year. "Mobile payments are growing at a rate we never could have imagined when we started processing them back in 2006," says Laura Chambers, Senior Director, PayPal Mobile.
"We’re now seeing up to $10 million in mobile TPV a day, a big increase from the $6 million we reported in March," says Chambers. "And we currently have eight million customers who are regularly making purchases on their mobile phones, up from a previously reported six million users."
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