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eBay Expects Big Mobile Commerce Growth In 2012

Posted on Jan 20, 2012

eBay's John Donahoe is predicting big mobile commerce growth for his company this year.

Donahoe, president and CEO of the online auction and shopping website, forecasts that purchases made from apps or browsers on phones and tablets will hit $8 billion in mobile gross merchandise volume in 2012. That's up 60 percent from $5 billion in 2011.

He made the predictions recently at a technology dinner in Las Vegas for leaders of the Consumer Electronics Association.

Additionally, Donahoe said that PayPal is expected to soar to $7 billion in mobile payments in 2012, up from $4 billion last year.

Donahoe indicated that he's still confident about PayPal's mobile future despite the departure of President Scott Thompson, who left to join Yahoo! as its CEO.

Here are three other major data figures that Donahoe highlighted, according to a blog post by Tricia Duryee at All Things D.

1) eBay Mobile reported more than 65 million downloads on its mobile applications across all platforms. A payments processing expert at US Dataworks said it wouldn't be surprising for eBay to surpass that number by 30 percent this year.

2) More than 890,000 new eBay shoppers made their first eBay purchase through the company's mobile apps in 2011. That's a 113 percent increase from 2010.

3) PayPal originally predicted $1.5 billion in mobile payment volume for 2011. It more than doubled that by hitting $4 billion.

Source: All Things D, January 2012