Sandra Guy says, “Mobile payment volume jumps 45% while PayPal’s active users increase 10% to 179 million.

PayPal Holdings Inc.’s revenue increased 16.9% to $2.56 billion in the fourth quarter from $2.19 billion in the year-ago period. It was PayPal’s second three-month reporting period since separating from online marketplace eBay Inc. in July.

For the year, revenue grew 15.2% to $9.25 billion from $8.03 billion in 2014.

PayPal processed $20 billion in mobile payment volume in Q4, up 45%, PayPal said Wednesday when it reported quarterly and full-year results. Mobile payments account for 25% of total payment volume in Q4.

81% of the company’s revenue in the fourth quarter came from processing online transactions for merchants, PayPal said. Much of the remaining revenue comes from processing transactions by consumers who use PayPal to buy online“.

PayPal’s Q4 revenue grows 17% to $2.56 billion

Internet Retailer

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