Ebay expects over 500 million in mobile-based revenue in 2009 - Mobile World Live

Ebay expects over 500 million in mobile-based revenue in 2009

15 DEC 2009

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In an article from USA Today, eBay’s 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
years.

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 PayPal’s new open technology
strategy. 

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.

http://www.usatoday.com/tech/news/2009-12-15-ebay15_ST_N.htm?csp=34&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+UsatodaycomMoney-TopStories+%28Money+-+Top+Stories%29

www.biggu.com

https://twitpay.me/

Read more: http://mobile-financial.com/node/3333

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Mobile World Live

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