PayPal’s Mobile Express Checkout: One Click Shopping


As this video on PayPal’s iPhone app shows, the e-payments business is taking a quantum leap forward via mobile.

PayPal is expected to reach $1.5 billion worth of goods sold via mobile phones in 2010. Their mobile transactions have gone from $25 million in 2008 to $141 million in 2009.

According to Juniper Research, mobile payments will reach $200 billion by 2012. Enter Mobile Express Checkout, the mobile version of PayPal’s Express Checkout service.[more]

It’s optimized for smartphone screens, includes fraud detection, and it’s a one-stop payment option; enter your PayPal account login information once and checkout is expedited.

PayPal’s new mobile technology will enable their 85 million registered users to buy directly on their smartphones – bypassing a credit card.

Mobile Express Checkout is initially launching on the iPhone and Android 2.0 at retailers including Nike and in the coming weeks, and will expand to all retailers in a few months.

Jeff Wisot, VP, Marketing at is enthusiastic: “We’re seeing a huge opportunity in mobile commerce right now. PayPal’s Mobile Express Checkout will allow us to enhance the convenient shopping experience for on-the-go customers.”

It won’t be long before credit card companies follow suit.