PayPal Sees Mobile Payments Jump 193 Percent On Black Friday

eBay-owned PayPal is reporting that Black Friday global mobile payments volume was up 193 percent from last year.

eBay is also reporting a major increase in transactions; total mobile volume in the U.S. was up 153 percent, and GSI Commerce saw a 198 percent jump in mobile sales.

PayPal spokesperson Anuj Nayar says that the payments giant believes that this is the year where holiday shopping on mobile devices has gone mainstream. Shoppers in Houston made the most purchases via PayPal using mobile phones. For the previous three years, New York City has taken the top spot.

For Thanksgiving, eBay saw a 133 percent increase in mobile volume transacted; and PayPal saw a 173 percent increase. While more shoppers are hitting their phones and tablets for sales on Thanksgiving, it’s also apparent that consumers are perhaps forgoing the malls and stores for mobile shopping on Black Friday, as well.

See the full article by Leena Rao of TechCrunch

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