PayPal’s m-payments volume reached $4 billion in 2011, more than five times that of the previous year. The increase came about as more consumers used their smartphones and tablets to pay online.
PayPal ended the fourth quarter with 106.3 million active registered accounts, a 13 per cent increase year-over-year. On average, it added a million new accounts every month in 2011. Revenue for the quarter increased 28 per cent year-over-year driven primarily by continued merchant and consumer adoption as well as increased penetration on eBay. Revenue from international markets exceeded revenue from the US for the first time. PayPal's net total payment volume grew 24 per cent to $33.4 billion.
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