PayPal: IMRG Capgemini E-retail Sales Index

Commenting on the latest figures from the IMRG Capgemini e-Retail Sales Index, which show that online sales are up by 19% compared to March last year and 9% month on month growth was recorded for March, Cameron McLean, PayPal's general manager for UK merchant services, said: "IMRG Capgemini's March figures confirm our own experience at PayPal - Britain's online retailers continue to enjoy business success. For many e-retailers, the dramatic fall in the value of the pound against the euro and other major currencies represents a big export opportunity. eBay recently reported a 136% increase in exports by UK online businesses to Eurozone countries during 2008 and PayPal UK has seen a significant increase in cross border payments over the last year."