Black Friday broke records in terms of sales made from mobile devices, according to reports last week from Adobe. This week, PayPal said it saw a similar trend during the Thanksgiving to Cyber Monday shopping event. PayPal saw a record-breaking $1 billion+ in mobile payment volume for the first time ever on Black Friday – a milestone it hit again on Cyber Monday.
I have always said that PayPal has good fundamentals and is a company built on rock, not sand like many of the new popup companies are. This company has a solid userbase of lifelong users.
BLACK FRIDAY is always a big win for these types of companies. Good to see that mobile payments are on the increase and interesting to see how things have changed in people paying for things online.
PayPal be doing WELL