Mobile payments up 300% in 2010

PayPal has announced new figures showing mobile payments increased by 300% during the 2010 holiday season.

The company has also announced that it has recorded a 67% increase in the amount of charitable donations being given through its payment platform.

Free shipping is being pinned as one of the main reasons for the increase, with PayPal recording a 27% increase on the American Black Friday shopping holiday alone.

The company also recorded a 310% increase in mobile shopping on Black Friday. The company also said the growth of coupons and overall eCommerce has meant more people are migrating to their mobiles.

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