eBay secures new mobile partnerships and predicts significant m-commerce growth this year

eBay mobile payments

eBay mobile commerce

eBay Inc. has announced that they are predicting significant volume growth in its m-commerce segment, as well as in its regular e-commerce and auction website, as it anticipates a sizeable increase in the number of people who use their smartphones to shop and pay for products.

This online marketplace giant has already been making especially large steps forward into the mobile commerce environment, having developed new apps for its e-commerce platforms.

The company has predicted that it will bring in $8 billion in m-commerce retail volume this year, and that its PayPal system will have processed $7 billion in mobile payments. In comparison, last year, there was $5 billion in retail volume generated through mobile devices, and PayPal mobile saw a payment volume of $4 billion.

This announcement was made at the same time that eBay unveiled its important new partnerships at the Mobile World Congress. Its new partners include Three.co.uk, the major carrier, as well as its new strategic integrations with merchants such as Entradas.com and Yotel. Along with these news releases, it also shared its latest mobile app updates, which provide the latest evolution in shipping and selling experiences for its mobile customers.

According to the president and CEO of eBay, John Donahoe, mobile commerce is creating an important shift in the way that consumers are shopping and paying for their purchases, as well as in the various ways that they are being engaged by companies of all sizes. He added that “We’re seeing a new retail paradigm emerge through mobile. Consumers are in control, and they want to shop anytime, anywhere.”

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