PayPal mentioned that the record-breaking was of more than USD 1 billion in mobile payment volume for the first time ever on Black Friday. Mobile payment volume on that day was up 42% over Black Friday 2017, outpacing the mobile payment volume on 2018 Cyber Monday.
Worldwide, mobile payment volume from Thanksgiving to Cyber Monday accounted for a 43% of PayPal’s total payment volume. During this period, PayPal was processing more than USD 25,000 per second, with over USD 11,000 per second processed on mobile.
PayPal continues by mentioning that Thanksgiving has now become another major shopping day, having broken into the top 10 shopping days of the year. It also grew 41% over 2017.
The Paypers is the Netherlands-based leading independent source of news and intelligence for professional in the global payment community.
The Paypers provides a wide range of news and analysis products aimed at keeping the ecommerce, fintech, and payment professionals informed about the latest developments in the industry.
Current themes
No part of this site can be reproduced without explicit permission of The Paypers (v2.7).
Privacy Policy / Cookie Statement
Copyright