eBay has published financial results for Q2 2012, revealing that mobile technology is playing a big part in its businesses.

It notes that the company’s mobile apps - launched at the end of 2008 - have been downloaded more than 90 million times worldwide, while the volume of mobile transactions is expected to double in 2012 compared with last year. 1.9 million items are now listed on eBay via mobile devices every week.

card.io, a California-based company that enables mobile developers to capture credit card information within their apps by using the camera on a smartphone, has been acquired by PayPal.

The two companies worked together on the PayPal Here mobile app, which enables business owners to take payments via their mobile phone or tablet.

In this week's mobile industry news podcast we're looking at Apple's new mobile operating system, Vodafone's money-saving European tariff and Microsoft's plans to expand the reach of its Xbox gaming console.

There's also talk about network sharing, legal battles, mobile apps, mobile payments and mobile retailing.

PayPal has revealed a new iOS and Android app that’ll let customers use their mobile devices to pay at high street shops in the UK. The inStore app will let customers pay via PayPal at participating retailers, even when there’s no mobile or WiFi signal.

Aurora Fashions - the company responsible for Coast, Karen Millen, Oasis and Warehouse fashion stores - is the first retailer to take part.

In this week's news report we're discussing PayPal's latest mobile money initiative, we're looking at London Underground's new WiFi service and we're transfixed by Vodafone's m-health move. Listen to all this - and much more - online at TheFonecast.com.