21 September 2017
visit www.avoka.com

Soaring mobile commerce and payments volumes boost eBay

17 January 2013  |  6317 views  |  0 Woman shopping with Tablet Computer

EBay says fourth quarter results beat analysts' forecasts, boosted by a dramatic rise in the use of mobile phones to access its online auction house and PayPal service.

Revenue for the fourth quarter was up 18% to $4 billion, and for the full year increased 21% to $14.1 billion. Net income on a Gaap basis was $751 million for the quarter and $2.6 billion for the year.

John Donahoe, CEO, eBay, says the results are down in large part to the rise of mobile, which "continues to rewrite the commerce playbook".

PayPal is using mobile as a way of bridging the gap between its traditional online domain and the high-street. The company has signed up 23 large US retailers to its technology, meaning that they can accept payment by PayPal at the check-out. The company also affirms that its deal with Discover to issue PayPal cards over the card processor's seven-million strong retailer network is firmly on track.

The unit smashed predictions to process $14 billion in mobile payments for customers last year, 250% more than in 2011. EBay's mobile service saw $13 billion in volume, more than double the previous year. For 2013, both businesses are forecasting volumes of $20 billion.

The figures chime with the results of the IMRG Capgemini e-Retail Sales Index, which show that UK sales through mobile devices (including tablets) were up 304% on 2011. Overall, the online retail market grew by 14% in 2012 to £78 billion and is expected to increase another 12% this year, to £87 billion.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

US mobile payments to hit $90bn in 2017 - Forrester

US mobile payments to hit $90bn in 2017 - Forrester

16 January 2013  |  7248 views  |  0 comments | 16 tweets | 8 linkedin
PayPal's bid for the high street gets big boost from NCR

PayPal's bid for the high street gets big boost from NCR

15 January 2013  |  8305 views  |  0 comments | 11 tweets | 6 linkedin
PayPal's assault on the high street picks up pace

PayPal's assault on the high street picks up pace

14 January 2013  |  9409 views  |  0 comments | 13 tweets | 10 linkedin
PayPal forecasts an NFC-free revolution on the high street

PayPal forecasts an NFC-free revolution on the high street

18 December 2012  |  14068 views  |  4 comments | 38 tweets | 14 linkedin
Black Friday online sales top $1 billion milestone

Black Friday online sales top $1 billion milestone

26 November 2012  |  4604 views  |  0 comments | 6 tweets
Mega Monday: UK Christmas shoppers set for busiest e-commerce day in history

Mega Monday: UK Christmas shoppers set for busiest e-commerce day in history

20 November 2012  |  7257 views  |  0 comments | 11 tweets | 2 linkedin
Worldwide mobile payments volume to hit $1 trillion by 2017 - IDC

Worldwide mobile payments volume to hit $1 trillion by 2017 - IDC

16 November 2012  |  16044 views  |  2 comments | 56 tweets | 23 linkedin
PayPal axes 325 jobs

PayPal axes 325 jobs

29 October 2012  |  5451 views  |  0 comments | 4 tweets | 2 linkedin
PayPal taps Discover network to reach millions of US stores

PayPal taps Discover network to reach millions of US stores

22 August 2012  |  7706 views  |  1 comments
PayPal names mobile man David Marcus president

PayPal names mobile man David Marcus president

29 March 2012  |  6820 views  |  0 comments
PayPal boosts eBay Q2 results

PayPal boosts eBay Q2 results

22 July 2010  |  8649 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.capgemini.comvisit www.vasco.comvisit www.temenos.com

Who is commenting?

Top topics

Most viewed Most shared
HSBC switches on selfie payments in ChinaHSBC switches on selfie payments in China
11372 views comments | 24 tweets | 41 linkedin
Equifax hack: Visa and Mastercard flag 200k compromised credit cardsEquifax hack: Visa and Mastercard flag 200...
10557 views comments | 6 tweets | 17 linkedin
Dutch bank sentences teenage DDoS culprit to community serviceDutch bank sentences teenage DDoS culprit...
9293 views comments | 6 tweets | 3 linkedin
UAE banks pool cyber security dataUAE banks pool cyber security data
7827 views comments | 5 tweets | 4 linkedin
Apple P2P payments service nears launchApple P2P payments service nears launch
7626 views comments | 18 tweets | 26 linkedin

Featured job

Competitive base, double ote, benefits
London, UK

Find your next job