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November 29, 2011 02:15 am GMT

PayPal Cyber Monday Mobile Payment Volume Up Over 500 Percent

paypalBlack Friday and Thanksgiving Day brought record mobile engagement for PayPal, with 511 percent and a 538 percent increase in global mobile payment volume when compared to Thanksgiving and Black Friday 2010, respectively. It looks like Cyber Monday is also bringing record sales for the payments giant. The company is reporting that as of 11 a.m. PST, PayPal is already seeing a six-fold increase (514 percent) more mobile payment volume on Cyber Monday 2011 compared to the same time period on Cyber Monday 2010.

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/Oa5UmODCG_4/

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