eBay Expects PayPal’s Revenues To Double By 2013

eBay Inc. (NASDAQ:EBAY) is expecting revenue for PayPal to double by 2013. “We’re at an inflection point where tech-driven innovation is broadly shaping e-commerce and shifting consumer behavior. This shift is creating new global opportunities for our company,” stated eBay CEO John Donahoe. “We are driving the next generation of e-commerce.” PayPal’s mobile transactions are estimated to double to $2 billion in total payment volume in 2011. PayPal is used by 59% of the top 100 online merchants. Paypal’s revenue is expected to hit about $6-$7 billion by 2013. [Reuters]

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