PayPal has revealed it saw a record-breaking $1 billion+ in mobile payment volume a milestone that occur the first time ever on Black Friday and a reoccurrence it hit again on Cyber Monday.
Worldwide, mobile payment volume from Thanksgiving to Cyber Monday accounted for a significant 43 Percent of PayPal’s total payment volume. Between those days, PayPal was processing more than $25,000 per second, with more than $11,000 per second processed on mobile.
The peak hour took place on Black Friday, which shows the sales event has shifted much of its business online. It’s now coming close to topping Cyber Monday in terms of both online and mobile shopping, PayPal noted.
Other times, the shopping starts early, as PayPal’s data shows. Thanksgiving has now become another major shopping day, the company said, having broken into the top 10 shopping days of the year. It also grew 41 Percent over last year.