eBay And PayPal To Reach $8 Billion And $7 Billion Respectively In 2012

Must Read

Apple Store In India: More Of Disappointment Than Excitement?

Apple has started making moves to strengthen its presence in India. With the launch of Apple online...

Windfall! Online Grocery Market In India Looks Set For Purple Patch Ahead

Silver linings are clearly in short supply in the pandemic fuelled world that we have come to...

Facebook’s Chasm Of Distrust: An Ever-Deepening Divide

Facebook, the world's most popular social media platform has failed measurably as it is voted as the...

In last few years e-commerce sites have grown exponentially both in revenue and by demands. People are showing more confidence in online stores and preferring to purchase range of products from e-commerce sites with the help of e-payment process. Recently at CES event eBay CEO John Donahoe revealed that eBay has reached $5 billion in mobile gross merchandise volume in 2011, while PayPal has surpassed the mobile payment expectation of $3.5 billion in 2011, reaching $4 billion for the whole year.

Interestingly, PayPal mobile payment has increased from $750 million in 2010 to $4 billion in 2011 mainly due to increase in demand of products especially electronic gadgets. During the whole year PayPal went through various challenges, especially from one of the best emerging online markets – India. On the other hand, more than 65 million of eBay mobile applications have been downloaded by users from all across the world.

Interestingly, last year has resulted as one of the best years for eBay as more than 890,000 new eBay shoppers made their first shopping through company’s mobile apps – an increase by 113 percent year-over-year. It’s also expected that eBay would reach $8 billion in mobile GMV by 2012 – an increase of $3 billion compared to 2011. It might be possible that near about 20, 00,000 new users may download its mobile application by 2012 as company is accelerating marketing efforts through third-party. It is also trying to trap users from Asian countries as its user base in said geography is comparatively weak.

Advertisements

However, eBay owned PayPal has more than 103 million members and recently it has partnered with 200 merchants in U.S. It’s expected that PayPal will reach $7 billion in transactions by 2012.

it’s already been predicted that by 2012 mobile commerce will reach $11.6 billion compared to $6.7 billion in 2011. This directly indicates that in coming years mobile sale through e-commerce sites will increase sharply, which will help in increasing the transaction limit of e-commerce sites.

Apparently, in coming years eBay will become ‘Google of e-commerce sites’ as maximum number of purchase of products would take place through eBay. Also, PayPal will grow exponentially as it’s planning to enlarge its platform by concentrating on Asian market which is one of the fastest growing markets in present scenario.

 

1 COMMENT

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest News

Can Tata Super App, With the Backing of Walmart, Take On JioMart?

In August, Tata Group, in a move to likely counter the offerings of the Jio umbrella, declared...

The Raining Discounts Are Coming As Flipkart And Amazon Gears Up For Festive Season Sale

The festival season is about to begin and eCommerce majors in India Amazon and Flipkart are aiming to make the most of...

Amazon, Google And Microsoft Are Extreme Angry With TRAI

The big three of the tech industry - Amazon, Microsoft And Google - seems to be quite annoyed. Cloud...

New Android Malware Steals Your Banking Credentials And Let Hackers Access Your Smartphone

If you are an active user of banking apps on your Android smartphone, you must pay close attention to it.

An IT Service Help Desk Is Essential To Drive Business Growth

There's no debate about the fact that an IT service desk, when properly run, leads to both short-term and long-term business growth....

Chinese Investment In Indian Startups Is Now A Distant Dream

When the Indian Government changed its FDI policy in late April, China got handed the short end of the stick for investing...

In-Depth: Dprime

Will ‘TikTok By Microsoft’ Be A Winner?

For the last two years, TikTok has been in the public eye for all sorts of reasons. First, it was the exploded...

Facebook Subscription Model: Looking Beyond Ad Dollars?

Seldom do job listings create a stir this gripping. However, when the job listing in question is a stealth post from Twitter,...

Will The Online Food Delivery Market in India End Up Becoming A Two-Horse Race?

It's pretty much evident that the food delivery space in India is all set to get riled up soon enough as one...

More Articles Like This