PayPal is upping its estimates of the amount of mobile payments transactions using the technology this year; doubling the estimate to $3 billion in mobile total payments volume (TPV) in 2011. PayPal says that the rate at which people are using the payments technology to buy items via their mobile phones is growing rapidly and this is actually the third time the company has had to update its numbers. At years end in 2010, PayPal predicted $1.5 billion in mobile payments and in February, the company revised this to $2 billion. 
Source: http://feedproxy.google.com/~r/Techcrunch/~3/38igOA1WSJk/
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