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Total payment volume rose 26 percent, to $26.9 billion, eBay said, and PayPal had 94.4 million active registered accounts at the end of the year.
PayPal does not break out payment volume for India, but in 2008, the last year for which PayPal made data available, it processed $4 billion in total payment volume in the Asia Pacific region, most of which was in Australia.
PayPal says that it saw $3,650 in Total Payment Volume every second in Q2 2011.
PayPal's net total payment volume grew 24% year over year to $34 billion.
Its net total payment volume for the quarter was up 29% and revenues were $2 billion.
This comes from $132 billion in total payment volume, with $49 billion coming from mobile transactions.
Similar(11)
Total payments volume for the company was $99 billion, in line with analyst expectations.
It brought in a record total payments volume of $114 billion, a measurement of total transactions on the platform.
That's far larger than Venmo, which recently reported $6.8 billion in total payments volume in its last quarter.
John Donahoe said on eBay's earnings call that PayPal's mobile payments volume accounted for 10percentt of total payments volume in 2012.
That network saw over 51 million transactions in Q1 2017, totalling over $16 billion – far larger than Venmo, which reported $6.8 billion in total payments volume in its last quarter.
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