November 28, 2011

Will the long lines of Black Friday one day soon become a thing of the past?

According to PayPal, that is a distinct possibility, as the electronic payments provider reported that more shoppers than ever skipped the lines and used smartphones and tablets to shop.

PayPal saw a 516 percent increase in its mobile payment volume on Black Friday as compared to the same day in 2010, PayPal Shopping Specialist Claudia Lombana wrote in a blog.

The e-payments firm also reported a 149-percent increase in mobile payment volume on Black Friday as compared to a normal Friday, and found that the hour between 1 p.m. and 2 p.m. PST was the busiest mobile shopping hour during the day.

New York, Houston, Miami, Los Angeles and Chicago were the cities that made the most mobile purchases through PayPal, the firm said.

ABOUT THE AUTHOR
Bryan Yurcan is associate editor for Bank Systems and Technology. He has worked in various editorial capacities for newspapers and magazines for the past 8 years. After beginning his career as ...