EBay’s foray into mobile wallets via its PayPal unit is drawing consumers’ attention—giving it an inroad to compete with myriad other entrants flooding the mobile payments market, according to PayPal’s Mark Lavelle.

“We have 50 million accounts in the U.S., that’s a critical mass that’s underpinning our [mobile commerce] efforts,” said Lavelle, senior vice president of strategy and business development, PayPal, while addressing the Keefe, Bruyette & Woods Cards, Payments & Financial Technology Symposium in New York on Feb. 11.

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