This year, PayPal celebrates a decade since it forayed into theworld of mobile payments in 2006. Back then, things were a littledifferent. Web-based payments were still the preferred method forecommerce transactions – and rightfully so. Digital marketplaceswere not as technologically capable of supporting mobiletransactions as they are now. In 10 years, the mobile paymentsindustry has evolved significantly.

During the infant stages of its mobile payments capabilities,PayPal enabled users to transfer cash through text messaging, notan app. Today, PayPal's mobile payment volume has exceeded morethan $66 billion, accounting for 30% of its traffic, Pymts.comreported April 5. In 2011, mobile only accounted for 1% of PayPal'spayments volume. The preferences of consumers for an omnichannelexperience has largely contributed to PayPal's – and other paymentservices' –growth. As technology evolves, so do consumers.