Mobile Payment Statistics: 514 Percent Increase On Cyber Monday

We spotted this today:

"Reuters reported that Cyber Monday sales were up 20% versus the same time last year, according to data from IBM. Last year's sales topped $1 billion, and ComScore expects that number to hit a record high of $1.2 billion.

PayPal saw a 514% increase in mobile payment volume on Cyber Monday as of 11am PT. It also noted six percent more in mobile payment volume on Cyber Monday as compared to the same time period on Black Friday."

Statistics Source: ReadWriteWeb