PayPal projects growth in mobile payments

03/22/2011 |

Payments via mobile devices are surging, according to PayPal, which projects its own business will top $2 billion this year and expand to $7.5 billion in 2013. Last year, industrywide, e-commerce in North America totaled about $170 billion, said PayPal Mobile Director of Product Management Fabio Sisinni, "but physical commerce influenced by online was more than $1 trillion, and more of that is being driven through mobile."

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