Category: Featured News

Online auction site eBay, Inc is set to become a leader in mobile commerce through auctions as well as Paypal mobile transactions to be processed throughout the coming year.

Mobile commerce for 2013

Market trends for the future can often be found in what people are doing with their mobile phones and other devices. Experts keep a keen eye on the market for trends that point to future success in any sector. Mobile commerce is the hot topic for 2013, with Paypal poised to make record amounts of mobile commerce transactions. eBay has also been successful at integrating mobile capabilities into its auctions, with a full one third of transactions on the site coming from a mobile source.

Established financial institutions like Visa, MasterCard, banks, and Paypal have been projected to be the big winners in mobile commerce in the coming year. Payments can be made by mobile phone by Paypal users, and other institutions are working on or have released similar programs. Paying for auctions with Paypal is commonplace, which means a natural progression towards mobile commerce rewards for all sectors of eBay, Inc.

Mcommerce Predictions

Colin Gillis, analyst at BGC Partners, believes eBay, Inc. is the top dog for e-commerce in 2013. He believes that eBay could one day be worth more than Amazon, a long time top company for online sales. To him, eBay is one of the players that will remain stable and see growth in the coming year, which could pay out in dividends for stockholders.

eBay, Inc. ha shown strong growth in GMV – gross merchandise volume – in the last year and continues to see growth. Some of this growth can be attributed towards new members and an approach to mobile commerce in general. That, along with the projects for Paypal to be a leader in mobile payments, give the company a strong outlook into the new year. Paypal alone is projected to handle over $10 million in mobile payments in the next year. 100 million users have downloaded eBay’s app for mobile phones in the company’s last quarter alone.

Potential problems for eBay include the PayPal Bill Me Later option, which could open up new risks with credit. eBay should also be on the lookout for stiff competition from both online and offline merchants, along with high in-house costs associated with acquisitions.

When thinking of mobile and cellular technology, consumers typically think of their laptop with WIFI, their phone, and possibly tablets like the iPad. However, technology trends all point to mobile capabilities creeping up everywhere leading to a new generation that will never know a life that is not ultra connected to the rest of the world.

Technology trends in every sector

This years Consumer Electronics Show in Las Vegas was all about the vast expansion of mobile technologies into every aspect of life and how the next generation will rely on mobile connectivity like never before. Keynote speaker for the event was chief executive of Qualcomm, Paul Jacobs. Qualcomm has produced chips for 11 billion devices but is hardly the household name like Microsoft, which handled keynotes in the recent past.

Mobile life is now not just about the mobile phone or the iPad. Technology trends already see this type of technology and connectivity in the workplace, healthcare, cars, movies, and televisions. Gaming uses it, as many game consoles connect to the internet and are used for more than just playing simple video games. Some believe that mobile will even some day play a part in our bodies. Mobile commerce is also on the rise, making paying for everyday items without cash something anyone with a smartphone can do.

Mobilizing the young

CES started out with actors playing the roles of some of the people society may find most annoying whether in line for coffee or waiting for a subway. Some roles included the geeky gamer with a surfer dialog, the young girl that believes everything that happens deserves the “OMG” treatment, and many more. They seem unrelated, but they all shared the same trait, being born into a world where mobile technology trends are here to stay.

With close to 85 percent of people around the world stating that they could not see a day through without accessing their mobile device, it is clear to see this is not just in the U.S. but everywhere. Smartphone technology is so common that consumers will see it in more and more aspects of their lives, as in things like Google’s Project Glass smart glasses, digital cameras, and smarter TVs.