At first glance I find this statistic unbelievable.  Then the last sentence got me … people are using Paypal to get around bank fees, and that makes sense given the high ethnic population in parts of UK.  Whether its a third or not, it makes sense there is a group sending money abroad using Paypal.

Person-to-person payments outfit PayPal says that it now has over 15 million account holders in the UK, representing over a third of the adult population.

Paypal says UK growth is being fuelled by sharp increases in online spending and by demand for low-cost remittance services to international locations.

The company currently offers transfers to 103 international market destinations and recently added ten new currencies worldwide. Payments, charged at 3.8% of the transaction value, can be made to anyone with an email address.

Source: Finextra: PayPal claims a third of UK adult population; Feds investigate HQ blast