Bloomberg News

EBay’s PayPal Mobile Payment Volume Rose to $4 Billion Last Year

January 11, 2012

Jan. 10 (Bloomberg) -- EBay Inc.’s PayPal division handled $4 billion in mobile payments last year, surpassing the company’s forecast for volume of $3.5 billion, said David Marcus, PayPal’s vice president of mobile.

That was an increase from $750 million in 2010, Marcus said today at the Consumer Electronics Show in Las Vegas.

PayPal is adding features, including online coupons, to get more consumers to use their mobile phones to carry out transactions. Acquired for about $1.18 billion in 2002, PayPal is boosting sales at a faster clip than its parent and accounts for about 40 percent of the company’s total sales.

To contact the reporter on this story: Danielle Kucera in San Francisco at dkucera6@bloomberg.net

To contact the editor responsible for this story: Tom Giles at tgiles5@bloomberg.net


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