PayPal is processing around $315.3 million in payments per day. On average, the payments platform is seeing upwards of over five million transactions a day. PayPal also has raised its estimates of the amount of mobile payments transactions, doubling the estimate to $3 billion in mobile total payments volume in 2011.
PayPal says that the rate at which people are using the payments technology to buy items via their mobile phones is growing rapidly and this is actually the third time the company has had to update its numbers. At years end in 2010, PayPal predicted $1.5 billion in mobile payments and in February, the company revised this to $2 billion. PayPal Now Processing $315 Million In Payments Per Day
Sunday, September 25, 2011
PayPal Now Processing $315 Million In Payments Per Day
Gary Kim has been a digital infra analyst and journalist for more than 30 years, covering the business impact of technology, pre- and post-internet. He sees a similar evolution coming with AI. General-purpose technologies do not come along very often, but when they do, they change life, economies and industries.
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