Andre Yoskowitz
28 Jun 2011 13:59
PayPal has confirmed this week that the service has reached 100 million active users.
Additionally, the company notes that it expects total payment volume for mobile payment transactions to double in 2011 to $3 billion.
The service adds around 1 million active users per month, apparently, as it finished 2010 with 94.4 million.
What PayPal did not elaborate on, is how many transactions need to be completed per month for the company to consider a user "active."
PayPal, purchased by eBay in 2002 for $1.5 billion, now accounts for 39 percent of the auction sites total revenue.
Mobile continues to be a big winner for the service, with the company reporting that 8 million users now actively use the transaction service from their mobile devices, up from 6 million just a few months ago.