Tag: ebay mobile

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.

eBay expects m-commerce to become a major tool for the retail industry

Last month’s Thanksgiving shopping weekend has provided mobile commerce with a huge amount of credibility, especially among retailers that have been looking to engage mobile consumers in a dynamic way. Indeed, that single shopping weekend may have provided mobile commerce with enough momentum it needs to become the most preferred tool of the retail industry. eBay, one of the world’s largest online retail entities, believes that mobile commerce is reaching the point where it may replace more traditional forms of commerce and even e-commerce itself.

Mobile business growing exponentially

Steve Yankovich, vice president of mobile for eBay, recently spoke with CNBC concerning the growth of mobile commerce. According to Yankovich, mobile growth has significantly exceeded the company’s expectations. Four years ago, mobile commerce was little more than an idea. Now, eBay expects to see mobile sales on its eBay Mobile platform exceed $10 billion within the next few years.

Convenience may be a major driving factor behind m-commerce

The key to the success of mobile commerce may lie in the convenience of the concept. Consumers are becoming increasingly reliant on their mobile devices to function in daily life. As this trend picks up momentum, consumers are beginning to look for ways to turn their smart phones and tablets into payment platforms for the sake of convenience. A mobile device can, with the proper software, serve as a type of digital wallet, storing a consumer’s financial information, coupons, tickets, and other such virtual items in a singular space. This allows consumers to access all this information quickly and efficiently.

Competition on the horizon

The success of mobile commerce does not mean clear sailing ahead for eBay or the other companies that are investing heavily therein. Companies are expected to begin heavily competing with each other for a significant share of consumers that are interested in mobile commerce. eBay has a decent head start thanks to its PayPal unit, but Google and Isis are expected to begin appealing to more consumers as time goes on.