For PayPal, Mobile is a Booming Business

Its already been a good holiday season for PayPal.

Speaking to a small group of reporters Monday afternoon, PayPal President David Marcus talked about Black Friday weekend, the company as a whole, and also shed light on what we can expect from PayPal in the future.

Its been an amazing shopping weekend for us, especially on mobile, Marcus said. Mobile payments were up a whopping 196% on Cyber Monday. He said that PayPal is seeing an increasing number of consumers buying items with mobile, as well as pre-shopping for major purchases on their mobile devices.

Not just limited to online anymore, PayPal is now available as an in-store payment option at over 17,000 locatio…
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