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Last year, the company projected that its mobile payment volume would hit $1.5 billion in 2011.
The company now projects that mobile payment volume will reach $7 billion in 2012.
Mobile payment volume increased 50percentt in the quarter, coming in at $36 billion.
Some of that mobile payment volume could come from sales from eBay.
Mobile payment volume on Black Friday was up 42percentt over Black Friday 2017, the company said, and it even outpaced the mobile payment volume on Cyber Monday this year.
And PayPal saw global mobile payment volume more than double (148 percent) compared to an average Friday.
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Overall mobile payments volume continued to track upwards during the quarter.
Chambers says that last year, the peak day for mobile payments for PayPal was December 12, with $4.7 million in mobile payments volume.
eBay-owned PayPal also reported that Black Friday global mobile payments volume was up 193percentt from last year.
eBay is projecting $5 billion in mobile payments volume in 2010 and this number could increase in the next few months.
eBay-owned PayPal is reporting that Black Friday global mobile payments volume was up 193percentt from last year.
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