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More Proof Mobile Commerce is Here

By Mercator Advisory Group
December 21, 2010
in Analysts Coverage
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Bank fintech

Bank building interior with office, front desk, waiting room, entrance and self service atm, banking and finance concept

eBay decided to look at how its customers were shipping this year and found, no surprise, that the acceptance of smartphones and apps is good for business. Year over year growth was 146%. In case anyone is still wondering, yes, mobile commerce and mobile payments is where we’re heading and quickly. Who needs a laptop when your Droid or iPhone will do?

What’s most interesting about this news release is that there’s no mention of a rather significant eBay asset: PayPal. With so much attention going to its payments subsidiary, the eBay brand folks had to manufacture a release of their own.

eBay (Nasdaq:EBAY) shoppers went mobile on Cyber Monday, increasing U.S. mobile commerce sales 146 percent year over year, with California, Nevada, Maryland, Pennsylvania and Florida leading the way as the top mobile commerce shopping states. Mobile shopping peaked between 5 pm and 7 pm PST. The strong growth in mobile holiday shopping reflects increasing consumer adoption of mobile commerce, with eBay mobile expecting to generate more than $1.5 billion in gross merchandise volume in 2010, compared to $600 million in 2009.

Read more from the press release:

http://www.businesswire.com/news/home/20101201006462/en

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Tags: Mobile Payments

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