PayPal And Ebay Gears Up To Boost Mobile Commerce Economy

Must Read

Free Netflix in India: A Result of Slow Growth In Q3 2020?

Netflix is testing a new strategy that could lead to free Netflix in India. The online streaming...

Reliance Jio Set To Blitz The 5G Smartphone Market With Jaw-Dropping Price

Cometh the revolution, cometh Reliance. This time the price of 5G smartphones under the radar of Reliance.

Apple iPhone 12: Not For India And You Must Not Fall Prey To Apple’s Marketing Machine

The cat is out from the bag, finally! Apple iPhone 12 has launched in the most sophisticated...

Online e-Commerce giant eBay and its online payment processing subsidiary PayPal have announced that they will launch various features which can boost mobile commerce economy at MWC. The steps taken by the duo is mainly due to the rise in number of mobile users globally and surging up adoption of mobile advertisements.

Even, eBay subsidiary PayPal has launched the PayPal Carrier Payment Network to trap the attention of people at MWC. PayPal has launched this feature in order to make mobile payment carriers more feasible for online merchants. To make this feature more productive PayPal has partnered with 250 mobile carriers and over 1,500 digital goods merchant.

Currently, PayPal is the leading online payment processing gateway having revenue of more than $4 billion – expected to reach $7 billion by year-end.

Advertisements

Interestingly, PayPal mobile payment revenue has increased from $750 million in 2010 to $4 billion in 2011 mainly due to increase in e-commerce business across the world and improved confidence in online shopping 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 it witnessed much attention by mobile users as more than 65 million of eBay mobile applications was downloaded by users from all across the world.

Meanwhile, PayPal parent company eBay- predicted to secure $8 billion as revenue in 2012 – has partnered with Three, a mobile network, to preordain Android devices with eBay app in U.K.

Also, a recent launched by ticketing company Entradas.com in Spain has added further more joy for PayPal, as the company has launched support for mobile ticket payment through PayPal. This launch will help PayPal in strengthening its business across the world and has reportedly increases the 15% of the purchase tickets.

However, eBay owned PayPal has more than 103 million members globally and by recent launches it might be possible that it can reach 150 million members globally.

This initiative will definitely help PayPal and its parent company eBay to increase its revenue as well as members. As it had been predicted that mobile commerce market will reached $11.6 billion in 2012 compared to $6.7 billion in 2011.

Advertisements

Fortunately, in coming years we might see eBay as the “Google of e-Commerce sites” as maximum number of purchase of products take place through eBay.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest News

Can Facebook Be Trusted For Newly Announced Hosting and Shopping Services?

Every coin has two sides. For Facebook Inc. (NASDAQ:FB), the positive side says that it has launched...

When the Going Gets Tough, the Tough Gather Online

Tech shows; we all know them, love them, and wish we could get to them. Unfortunately, that's not always possible. Or is...

Flipkart, Amazon Hurtle To Secure Their Slice in Aditya Birla Fashion

The battle conch for the festive season has already been blown. Now in a bid to take control of a new frontier,...

Jio Pages: The Indian Browser Reliance Is Betting On Now!

Looks like Reliance wants to establish Jio as a synonym of technology. After launching a fleet of Jio products in the last...

Less Than 5% Internet Users In India Have Netflix Subscription

The third-quarter earnings report of Netflix is out; The streaming giant beats the Wall Street expectations in terms of revenue but fell...

Free Netflix in India: A Result of Slow Growth In Q3 2020?

Netflix is testing a new strategy that could lead to free Netflix in India. The online streaming giant is exploring options to...

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