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21st October 2011

PayPal's rapid growth helped by mobile

PayPal reported a total payment volume of $29.2bn in Q3. The company is adding around 1m active accounts per month with the total now standing at 103m located in a 190 markets globally. Payment volume via mobile is not forecast to be $3.5bn this year, five times the total for 2010.


The figures were included in an open message from President, Scott Thompson following the publication of the results from eBay, PayPal's parent company