PayPal has hit 100 million active users. The company confirmed the milestone today. Last week, the company announced that it was upping estimates of the amount of mobile payments transactions using the technology this year; doubling the estimate to $3 billion in mobile total payments volume (TPV) in 2011.
At the end of last year, PayPal, which is owned by eBay, had around 94.4 million active users, and has been adding approximately one million active accounts per month. It’s unclear, however, what PayPal considers as an ‘active user.’
PayPal now represents 39 percent of eBay’s total revenue, and nearly made $1 billion in revenue for the company in the first quarter of 2011, up 23 percent from the same quarter in the previous year
In terms of mobile, PayPal is also seeing up to $10 million in mobile TPV a day, which is up from $6 million PayPal reported in March. The company currently has eight million customers who are regularly making purchases on their mobile phones, up from a previously reported six million users.
2011 should continue to be a big year for PayPal, as it becomes a central part of eBay’s local commerce strategy. And PayPal now faces competition from Google’s mobile payments system, Google Wallet, Square and maybe even Facebook.
PayPal is an online payments and money transfer service that allows you to send money via email, phone, text message or Skype. They offer products to both individuals and businesses alike, including online vendors, auction sites and corporate users. PayPal connects effortlessly to bank accounts and credit cards. PayPal Mobile is one of PayPal’s newest products. It allows you to send payments by text message or by using PayPal’s mobile browser. PayPal created the Gausebeck-Levchin test, which is an implementation...