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eBay expects mobile transactions to double this year

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.

In addition, the company’s PayPal business expects to handle $10 billion in mobile payments this year; 150% up on last year’s figures.

eBay quarterly revenue was up 23% year-on-year to $3.4 billion, with net income up to $692 million.

John Donahoe, president and CEO of eBay Inc., said “eBay had a great Q2 - the best we’ve seen in years. Our multi-year focus to transform and reposition this business for the future is paying off. We’ve improved trust, enhanced value and selection, built better product experiences and become more customer focused.”

[PayPal blog]

Author: The Fonecast
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Tags: payments applications paypal ebay

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