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PayPal is believed to be planning that it will process $7 billion in mobile payments in 2012, almost double the $4 billion mark recorded in 2011, as per eBay CEO John Donahoe at the CES technology show in Las Vegas.
Donahoe shared, "the firm currently has more than 17 million PayPal customers regularly making a purchase through their mobile phone, up from the eight million reported in June. Mobile shopping apps and tablets are expected to play a major role in driving adoption."
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