Friday, February 11, 2011

PayPal to double revenue by 2013

PayPal is on track to generate between $6 billion and $7 billion of revenue in two years, eclipsing eBay's in three to five years, PayPal President Scott Thompson said.

PayPal holds an 18% market share of global online payments, up from 14% in 2008, despite an increase in competition.

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