engine - 6:07 pm on Jan 11, 2012 (gmt 0)

PayPal Reports Mobile Payments Reached $4 Billion in 2011 [venturebeat.com]

If you need one example that epitomizes the massive potential in mobile payments, you need only look at PayPal. The online payment company racked up nearly $4 billion worth of mobile payments last year, a huge jump from $750 million in 2010, PayPal mobile vice president David Marcus told VentureBeat in an interview today. Putting the figure in an even crazier perspective, tallied up a mere $141 million in mobile payments in 2009.