eBay Increases Mobile Commerce Predictions

What's Next In Payments®
4:43 PM EDT February 27th, 2013

eBay seems to think that 2013 will truly be the year of mCommerce as it just reviewed its global mCommerce forecast for the coming year. The company believes the mobile channel will generate in excess of $20 billion in sales.

The review comes as eBay reveals that more than four million new customers shopped the site through the mobile channel in 2012. According to the company, eBay’s host of mobile apps have now been downloaded more than 120 million times – an 20% increase from September 2012, when it reached a milestone.

“Just four years ago, mobile commerce had barely taken off. Now we’re expecting to see over $20 billion worth of sales in just one year, demonstrating the huge opportunity that mobile presents,” said Olivier Ropars, senior director, Mobile, eBay. Consumers now carry a global store in their pocket and our research shows they check their mobiles around 40 times a day. That’s 40 opportunities for retailers to engage with potential customers, while the ability to shop on the move increases the likelihood to spend.

eBay really believes the mobile channel is here to stay and will show its true potential in the coming years. They predict that by 2015, the value of their global mobile transactions will reach $119 billion.

Also by This Author
What's Hot
Loyalty & Rewards
Payment History Firm Pulls In $70 Million Investments
Bitcoin Platforms Being Reclassified As Money Transmitters
Apple Pay Tracker
Wireless Carriers Could Be Left Out Of NFC Payments
Apple Pay Tracker
What CurrentC Didn’t Say
View All Articles ››
You May Also Like
Company Spotlight
Different mPOS Strokes for Different mPOS Folks
Digital River Offers A Sneak Peak At Mobile eCommerce Trends
Mobile Commerce
Trustwave Buys Cenzic To Beef Up App Testing Capability
B2B Payments
WEX Comes Off Q3 With Strong Results
Transforming Payments from Cost Centers to Revenue Drivers
B2B Payments
U.S. Bank Tries To Streamline B2B Electronic Payments
CA Technologies
Online Transacting Is Safer Than A Card Present World
View All Articles ››