On Black Friday 2010, the day directly following Thanksgiving Day in the US, an increase of three hundred and ten percent in mobile payments was also witnessed when compared to Black Friday 2009. An overall increase of twenty-seven percent in total payment volume was witnessed on Black Friday; a figure that helps highlight the break-away speed at which payments through mobile devices is being adopted.
PayPal also revealed that their recently updated iPhone app, which includes the ability to easily make donations to a number of charities, has aided a sixty-seven percent increase in mobile donations during the Christmas Shopping period, when compared to the same period last year.
All-in-all these figures help highlight the continued rise of e-commerce and online transactions, especially during the Christmas period. More specifically, they highlight the rate of acceleration in the adoption of mobile payments across the web.
Image courtesy of Ciaran McGuiggan on Flickr.
DARPA's O-Circuit program looks to build a new class of biologically inspired computer equipped with…
As AI races into classrooms worldwide, Google is finding that the toughest lessons on how…
The push to eat bugs is not an organic movement coming from the people, but…
As Africa’s digital economy accelerates, a new partnership between the Africa Digital Assets Summit 2026…
The State of Generative AI in the Enterprise report from Menlo Ventures found that companies…
Living therapies, made of engineered immune cells – and capable of hunting down cancer, reversing…
View Comments