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News bodes well for success of Paypal Mobile – the payment gateway on your mobile phone

We wrote about PayPal’s soft launch of their PayPal mobile service back in March. This is a service which allows you to pay for goods via your mobile phone. 

PayPal announced on the 1st November 2006 that over a third of UK adults now have a PayPal account which is sure to bolster the mobile payment system PayPal mobile with so many PayPal account holders on the move.

PayPal now have over 15 million account holders in the UK.  This could be due to online spending rising faster than ever before, which by 2010 is expected to reach £39 billion. 

PayPal can now be used in 103 markets and have just added 10 new currencies worldwide allowing customers to send, receive and hold funds in their own currency. Furthering the worldwide availability of Paypal, PayPal mobile allows you to send money to another mobile phone or email address via text message wherever you are meaning a computer isn’t even necessary.

There are approximately 24.9 million active shoppers who spend over £600 on average each year.  With figures rising so quickly PayPal can only get bigger and bigger, and with more busy people dashing around PayPal mobile can only grow stronger too.