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During the Web 2.0 Summit in San Francisco, John Donahoe, CEO of eBay, increased the forecast for PayPal mobile payments volume. He said the total payment volume, transmitted by mobile devices through PayPal’s system, will be more than $3.5 billion in 2011. The company’s previous forecast was $3 billion in mobile payments transaction volume via PayPal this year. eBay is expanding into mobile commerce, earlier this year, the company acquired mobile payment company Zong.

The company also expects an increase in transactions for digital goods. At eBay’s X.commerce Innovate Developer Conference 2011, PayPal announced that they expect a total payment volume of $4.7 billion in digital goods.