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April 18, 2012

A Look at PayPal's 1Q2012 Financial Results

PayPal logo 140pxPayPal's parent eBay announced financial results for 1Q2012.
PayPal ended the quarter with 109.8 million active registered accounts, a 12% increase over the first quarter of 2011. PayPal revenue increased 32% year over year, driven primarily by increased penetration on eBay as well as continued merchant and consumer adoption. PayPal's net total payment volume (TPV) grew 24% year over year to $34 billion.

eBay reported that the PayPal 'take rate' rose to 3.87% in 4Q2011.

American Express Releases First Quarter 2012 Financial Results

Amex logo 140pxAmerican Express has reported financial results for the first quarter 2012, including first quarter net income of $1.3 billion, up 7% from $1.2 billion a year ago.. Kenneth I. Chenault, chairman and chief executive officer, American Express commented:
“Higher cardmember spending, excellent credit metrics and disciplined expense management helped us to start 2012 with record first-quarter earnings and revenues,” said Kenneth I. Chenault, chairman and chief executive officer. “Spending on the American Express network rose 12 percent, remaining strong throughout the quarter, both in the U.S. and internationally. Credit quality continues to be among the best we have ever experienced, and our lending portfolio continued to grow at moderate levels.

Mobile Payments: What's In It for Consumers?

Kansas city fed logo 140x60pxFumiko Hayashi, a senior economist with the Kansas City Fed, has published an article entitled "Mobile Payments: What's In It for Consumers?"
"The main demand-side barrier has been the uncertain value of mobile payments to U.S. consumers. In some other countries, there have been obvious advantages to consumers of using mobile payments. Mobile payments were adopted rapidly in Japan as a convenient way of paying for mass transit. In some African countries, mobile payments gained traction because consumers lacked access to other noncash forms of payment such as checks or credit cards. Neither factor is as important in this country, raising the question of how U.S. consumers would benefit from mobile payments."
A full copy of the article is available (PDF) on the bank’s website at


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