Tag: paypal

eBay sees major gains during holiday shopping weekend

| November 29, 2012

 

eBay Holiday Shopping Mobile CommerceeBay reports mobile sales performance

eBay has experienced a very promising beginning to the holiday shopping season this year. The online retail giant has released data concerning mobile sales that were made over the Thanksgiving and Black Friday weekend. This data comes from eBay itself, as well as its Marketplaces, PayPal, and GSI Commerce divisions. The company will not be providing overall sales information this year, but its mobile sales have been made publicly available, showing a strong performance for the company’s various mobile commerce initiatives.

Mobile sales up across the board

According to eBay, the company saw a 133% increase in mobile transactions in the U.S. on Thanksgiving day from what they had been in 2011. The company also saw a 153% increase in mobile volume on Black Friday over the levels it had been last year. PayPal experienced a 173% increase in global mobile payment volume on Thanksgiving day and a 193^ increase in global mobile payment volume on Black Friday. GSI Commerce experienced similar results.

Positive performance largely due to focus on mobile consumers

eBay notes that much of the success it has seen in the mobile commerce realm comes from the company’s increased focus on mobile consumers. eBay has been positioning itself to engage these consumers in an aggressive way, well before the holiday season even began. The company predicts that mobile commerce and similar services will shape this year’s holiday shopping season and any companies not focused on appealing to mobile consumers could miss out on an ideal opportunity.

Mobile commerce becoming more popular in wake of holiday shopping

There is still a lot of time left in the 2012 holiday season and eBay expects to continue seeing positive results from its mobile commerce initiatives. Other retailers have been reporting similar results from their own focus on mobile commerce. The performance of these ventures is expected to boost the popularity of mobile commerce within the retail industry, encouraging more companies to adopt platforms that allow consumers to pay for products with their mobile devices.

GfK Group study highlights promise of mobile commerce in Singapore

| November 24, 2012

 

Mobile Commerce SingaporeGfK Group releases new study concerning mobile commerce

The holiday season is here and that could mean major success for retailers looking to cater to the growing number of mobile consumers. A new study from the GfK Group, a consumer research agency, suggests that shoppers are planning to rely heavily on their mobile devices during the holiday season, at least in Singapore. Though the study focuses on Singaporean consumers, the trend of consumers relying on their mobile devices for commerce and online shopping can be seen all over the world.

Study shows online shopping could save consumers time and net retailers more money

According to the study, online shopping could save consumers as much as 45 hours, much of which is standing in line or waiting for service. This time equates to approximately $1,400, suggesting that retailers lose a significant amount of money if consumers lose time. The study also found that approximately 43% of all Singapore consumers are using their smart phones and tablets to find the products that they are interested in, a promising sign for mobile commerce.

Singapore proves to be promising mobile market

The GfK Group study notes that mobile commerce is growing in Singapore, and elsewhere. In Singapore, 78% of consumers use mobile applications to access online retail stores, with a sizeable portion of these people using these applications to purchase products. Singapore is one of the most promising mobile markets in the world, with a smart phone penetration of over 88%. This is part of the reason why companies interested in mobile commerce are so eager to establish themselves in the country.

GfK Group study commissioned by PayPal

The GfK Group study was commissioned by PayPal. The company has already established a powerful presence in the realm of commerce, but has been working to appeal to mobile consumers in a more appealing fashion. The company has been tracking the demand for mobile commerce services over the years and is positioning itself to meet these demands around the world.