eBay m-commerce volume to top $20bn | Mobile Payments | Mobile Entertainment

eBay m-commerce volume to top $20bn

eBay m-commerce volume to top $20bn
Daniel Gumble

by

Payments / Commerce / January 18th 2013 at 3:40PM

Company expects 18 per cent rise on 2012 figures.

eBay has predicted that its m-commerce volume will rise by 18 per cent on its 2012 figures (14.1 billion) to $20 billion in 2013.

The firm’s PayPal unit is also expected to handle approximately $20 billion in mobile transactions on 2013.

Meanwhile, eBay added that its US gross merchandise volume leaped by 18 per cent in 2012, citing the growing uptake for mobile and double-digit user growth across its portfolio as key contributors to its success.

eBay President and CEO John Donahoe said: "eBay mobile finished the year with $13 billion in volume--more than double the prior year--and PayPal mobile handled almost $14 billion in payment volume, more than triple the prior year."

Elsewhere, eBay’s mobile apps suite brought in over four million new customers, with Donahoe claiming that a quarter of all new eBay customers were mobile device users. He also revealed that 2013 will see the mobile sign-up process further optimised. Last year, eBay acquired card.io; a service that offers data capture technology that is able to read credit card data with a smartphone camera. Donahoe said: "Picture by the end of this year, you download the eBay or PayPal mobile app, you take a picture of your driver's license, and you take a picture of your credit card, and that's registering."

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