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In an article from USA Today, eBays CEO John Donahoe said
his company expects to generate over $500 million in mobile-based application revenue
in 2009. Most of this revenue
will come from the iPhone application, which has been downloaded more than 5
million times so far.
Donahoe also said mobile and Internet transactions will
drive e-commerce from 5% of total retail sales to approximately 15-20% in five
To do their part in growing e-commerce eBay has opened up
PayPal. eBay is now allowing 3rd
parties to integrate with PayPal in the hopes that it will drive innovation, and
eventually the new innovations will increase transactions.
The USA Today article notes Twitpay.me and ShopSavvy as two
companies that have already taken advantage of PayPals new open technology
Twitpay.me allows users to tweet payments by linking their
PayPal accounts to Twitter.
ShopSavvy allows consumers to compare products using an
iPhone and Android handset.
It is good to see a company the size of eBay embracing the
opening of technology. This move
will help eBay in the quickly evolving mobile payments industry.
For a deeper look please visit the USA Today article below.
Read more: http://mobile-financial.com/node/3333