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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.
when you want to buy something you need to sign up and account and then another account with paypal to be able to pay or receive payment? That's twice the hassle.