Thanks in part to the convenience of mobile pay, charitable giving during the holidays surpassed $971 million in 2016, according to PayPal.
According to a report, which cited data from PayPal’s interactive tracker, the payment company’s online giving platform, in 2016, PayPal said it processed $7.3 billion in contributions, which marks an 11 percent increase in donations to charities. PayPal also found that 8 million users in 181 countries gave to more than 282,000 charities, which resulted in 2016 becoming the biggest year for donations at the end of the year with PayPal.
The report noted that, based on PayPal’s data, 21 percent of gifts were made via a mobile device during the holidays, which is a 12 percent increase from 2015. Thanks to the real-time nature of mobile payments, PayPal also found more donations were processed on Dec. 31 than on any other day of the year, with consumers donating $77 million to charities on that day alone. The report noted that #GivingTuesday, which fell on Nov. 29, was still the third-highest day in terms of donations around the globe.continue reading »