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PayPal Sees Increase in Mobile Payments

PayPal estimates it could process as much as $3 billion in mobile device payments this year, as e-wallet options continue to expand in an increasingly competitive field.

The San Jose, Calif.-based company, which originally expected to reach $1.5 billion in mobile payments, doubled its estimate as more smartphone users begin to use mobile platforms to purchase goods.

via Mobiledia.

Tags: PayPal