During the Holiday season 2010 PayPal,
the payments unit of online marketplace eBay Inc., says its mobile payment
volume rose 300% between Nov. 15 and Dec. 15 compared with the same period last
year. According to Internet Retailer For Dec. 18-19, mobile payments rose 279% compared with the period in
2009, PayPal says. And PayPal reports mobile payments rose 310% the day after
Thanksgiving, also known as Black Friday, compared with Black Friday 2009.
Those figures put PayPal on
track to reach $700 million in mobile payment volume for 2010, up from $141
million last year. That figure would top PayPal’s parent eBay’s total mobile
sales of $600 million for last year, although eBay projects mobile sales volume
of $1.5 billion in 2010.