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PayPal Looking To Lead Smartphone 'Mobile Wallets' Race

Gadgehit.com writes: "PayPal intends to lead the new race for mobile payments in order to fight back competition from larger firms as well as smaller start-ups. The company recently revealed in its latest financial results that PayPal revenue increased 32% year over year, driven primarily by increased penetration on eBay as well as continued merchant and consumer adoption."

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