Ebay forecasts doubling of its PayPal business in three years

RetailReuters

Ebay Inc forecast on Thursday a doubling of its PayPal payments business by 2015.

PayPal President David Marcus told analysts at eBay's annual investor day that by 2015, the company will begin to see the benefits of its push to extend payments services into physical retail locations.

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(Reporting by Alistair Barr)