eBay reports that its third quarter sales grew 32 per cent (hitting $2.97 billion) compared to the same quarter last year, with profits rising by 14 per cent.
It highlighted PayPal’s performance, specifically its growth in total payment volume, which was $29.2 billion for the quarter.
Writing on the PayPal blog, Scott Thompson, president, said: "I’m most excited about the fact that we continued to add about a million active accounts per month, with more than 103 million active accounts in 190 markets globally. My team and I come to work every day with one goal in mind – providing the best payment experience possible for these millions of people who use PayPal to pay and get paid. We’re re-imagining money and make it work better for these customers."
Thompson flagged up the company's work in the mobile payments arena. "We now expect mobile payment volume to exceed $3.5 billion this year – five times the volume we did on mobile phones in 2010. And with acquisitions such as Zong and expansion of mobile express checkout, PayPal is using innovation to provide even more convenience, security and choice."
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