About This Statistic
This statistic shows PayPal's mobile payment volume from 2008 to 2016. In the most recently reported year, the payment provider's mobile payment volume amounted to 102 billion US dollars, up from 66 billion U.S. dollars in the preceding fiscal period. This present a 55 percent year-on-year growth.
Mobile payments in the U.S. – additional information
Mobile payments allow consumers to pay quickly and efficiently for goods and services with the click of a button or a swipe of the finger on their mobile devices.
The opinion of adults in the U.S. regarding the future of mobile payment system usage was documented in a survey in August 2014. It was found that 53.7 percent of respondents believed that mobile payment systems would probably be widely used in the next five years. However, during the same survey, 16.7 percent of respondents thought that mobile payment systems would probably not be used in the future.
In a separate survey of mobile payment users in the second quarter of 2014, the most popular mobile payment methods were determined by the devices used. During the survey, it was revealed that the most popular payment method for smartphone users, with 45 percent of respondents stating that they preferred to pay by presenting a barcode or QR code on their device screen. Other methods of payment popular with smartphone users included; using NFC, using a connected credit card reader and peer-to-peer payment.
The types of mobile payments considered to be the most successful in 2014 were determined by global payment industry leaders. During the survey, 42 percent of respondents prioritized mobile internet payments, for services and physical goods as the second most successful method for 2014. The other payment methods among the top three included mobile person-to-person payments with a 44 percent share of respondents and mobile payment for digital goods with a 41 percent share or respondents.