By The End Of 2011, PayPal Expects To Process USD 3 Million In Mobile Payment

It is reported that PayPal is currently expected to process USD 3 million in mobile payment or m-commerce by the end of 2011.

According to the report, it is that PayPal now has over 8 million users and USD 10 million per day in mobile payment volume. Though in India, Paypal has faced lot of objection from RBI (Reserve Bank Of India), it still persisted in the country given the fact it currently has huge growing market. In recent report released by Paypal, it received a growth of 16% reaching 97.7 million in Q1 2011. That means PayPal can have 97.7 million active registered accounts by the year end.