On Black Friday 2010, the day directly following Thanksgiving Day in the US, an increase of three hundred and ten percent in mobile payments was also witnessed when compared to Black Friday 2009. An overall increase of twenty-seven percent in total payment volume was witnessed on Black Friday; a figure that helps highlight the break-away speed at which payments through mobile devices is being adopted.
PayPal also revealed that their recently updated iPhone app, which includes the ability to easily make donations to a number of charities, has aided a sixty-seven percent increase in mobile donations during the Christmas Shopping period, when compared to the same period last year.
All-in-all these figures help highlight the continued rise of e-commerce and online transactions, especially during the Christmas period. More specifically, they highlight the rate of acceleration in the adoption of mobile payments across the web.
Image courtesy of Ciaran McGuiggan on Flickr.
In today’s episode of the Brains Byte Back podcast, we speak with Mike DeKock, the founder…
Blackrock CEO Larry Fink tells the World Economic Forum (WEF) that developed countries with shrinking…
Founders and investors alike were hopeful the funding winter would start to thaw in 2024.…
Neobanks and fintech solutions hit the US market more than a decade ago, acting as…
Central bank digital currencies (CBDCs) will hopefully replace physical cash and become fully digital, a…
Five years ago, Frank Chen posed a question that has stuck with me every day…
View Comments