November 30, 2009

PayPal mobile payments surge nearly 650 percent

More consumers used their mobile phone to make purchases and compare prices on Black Friday than ever before, according to data reviewed by Dow Jones, reports mocoNews.net.

Some amazing numbers:

-- PayPal said mobile payments surge nearly 650 percent, compared to last year.

-- Mobile searches jumped to about 200,000 this year from 5,000 on Black Friday in 2008.

Read full report.