Online auction and shopping site eBay announced its Q2 numbers on Wednesday, saying that it expects eBay and PayPal mobile to each transact $10 billion this year.
CEO John Donahoe noted that the projected numbers more than double the 2011 totals, describing it as “a staggering surge” in mobile commerce.
The new projections are up from January, largely due to the unpredictability of mobile commerce, along with eBay’s strong investment in it. “The line is blurring between online and offline, and that behavior is happening because of the investments we have made in mobile,” said Donahoe.
The eBay chief spoke about why Amazon and eBay are doing well in the realm of mobile commerce: “If you think of it as an app-based world, we aren’t going to carry around a Neiman Marcus app and a Walmart app and a Best Buy app. By being a marketplace, it’s a single app that gives you access to a lot of things. That’s why we are getting viral traction on it.”
And to further boost its mobile presence, eBay acquired Card.io on Tuesday. “The year-old company allows users to skip the tedious process of entering their credit number into various fields at check-out by taking a picture of the card,” reports AllThingsD.
According to Donahoe, this could allow consumers to create a PayPal account by taking a quick snapshot of their credit card and ID card.
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