10/18/2011

The head of eBay on Monday raised his forecast for PayPal, saying the online payment system will take in $3.5 billion this year from mobile devices, which is up from an earlier prediction of $3 billion. CEO John Donahoe told an Internet conference that retailers must catch up to consumer desires to use mobile devices for their shopping experiences. He said "retailers need help" to exploit mobile technologies.

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Reuters, ZDNet

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