If I thought that the payments boat was leaving before, the latest results for PayPal suggest to me that the ropes are being cast off. At the end of Q2, 2006, Paypal report that they have 114 million accounts, up by almost 50% on the same period the year before. And customers shoved $9 billion through this alternative payment system in the quarter, a rise of almost 35% on the same period a year earlier.
According to bankers on three different continents that I asked, PayPal now has more accounts than practically every major global bank, and transaction volumes and values which, whilst not comparable to the traditional real world payments system, are a significant and growing percentage.
Actually, the annual growth rate year on year for Paypal is in the order of 37% for account opening. Don't know, personally, if it is reasonable to expect such growth to continue or not, but presumably there will come a point where everyone who needs an online payment account will have one.
Then, as I've said before, I'd rather expect Paypal to start issuing plastic. And not a white label, either.
The PayPal Money Market Fund is a special fund designed for PayPal account holders to start earning interest on their PayPal account unspent balances. Rather than having the fund balances remain static until you deposit or withdrawal, PayPal Money Market Fund gets your money works for you.
Posted by: The Money Maker | December 06, 2007 at 06:20 AM
Oh forgot the link:
http://www.moneymakerhot.com/HYIPs/PayPal_Money_Market_fund.html
Posted by: The Money Maker | December 06, 2007 at 06:20 AM