Mobile Payments

eBay, PayPal each expect m-commerce & payments volumes of USD 20 billion by end of 2013

Tuesday 23 July 2013 | 02:53 PM CET

PayPal has added over 3 million new customers in Q2 2013 via mobile devices, with eBay and PayPal each expecting to see USD 20 billion worth of mobile commerce and payments volume in the course of 2013, eBay President and CEO John Donahoe has revealed during eBay’s earnings call on 17th July 2013.

Mobile has been highlighted as one of the main directions of growth for PayPal, with particular focus being placed on its merchant services via the recently launched “Cash for Registers” program aimed at consolidating and expanding PayPal’s position in the mobile card processing space.

At the end of Q2, PayPal was revealed to have 132 million active accounts globally, having added almost 5 million new accounts during the period, marking the fifth consecutive quarter of growth. Merchant services generated a 29 percent growth for Q2 2013, up 3 percent from Q1 2013 and representing USD 30 billion of payment volume.

PayPal launched its Cash for Registers program in mid-May 2013. Via Cash for Registers, PayPal is waiving transaction fees for qualifying US businesses using its PayPal Here mPOS offering to accept credit, debit card, cheque and PayPal payments by the end of 2013. PayPal is also making this offer available for solutions pre-integrated with PayPal from its existing POS partners including ERPLY, Leaf, Leapset, NCR Silver, ShopKeep POS and Vend.

In recent news, PayPal has closed an agreement with financial services provider Qatar National Bank (QNB) to provide QNB retail customer with more options for online purchases.

Print | Contact editor | Mail
© 2014 The Paypers
More: Abstract | Link

This Month

Next Month

02 Apr 2014   AITEC Southern Africa ICT Summit
03 Apr 2014   How to Use KPIs to Improve your Accounts Payable Efficiency
06 Apr 2014   NACHA Payments 2014
07 Apr 2014   9th Annual Middle East Retail Banking Forum
07 Apr 2014   15th Annual Commercial Card and Payment Conference
07 Apr 2014   Home Delivery World
07 Apr 2014   Inside Bitcoins - the future of virtual currency
07 Apr 2014   Mobile Money Americas
07 Apr 2014   Inside Bitcoins - the future of virtual currency
07 Apr 2014   Chief Procurement Officer Summit
08 Apr 2014   MVNOs World Congress
08 Apr 2014   3rd Annual Customer Experience Management in Banking Summit
08 Apr 2014   Mondato Summit Europe
08 Apr 2014   ETA Annual Meeting & Expo 2014
08 Apr 2014   IFINTEC International Finance Technologies Conference and Exhibition
09 Apr 2014   4th Annual Latin America Trade & Commodity Finance Conference
09 Apr 2014   11th Annual Accounts Payable and Procurement Transformation Summit Asia
09 Apr 2014   SAP Conference for Financial Shared Services
10 Apr 2014   The 4th Cloud And Big Data Summit
11 Apr 2014   Bitcoin Expo 2014
12 Apr 2014   Hitmeister e-Commerce Day
15 Apr 2014   Netherlands' Customer Festival
15 Apr 2014   Cash, Treasury & Risk Management in Turkey
17 Apr 2014   8th Annual Prepaid Expo Europe 2014
20 Apr 2014   our Big Data and Analytics for Banking Summit
22 Apr 2014   Wima Monaco - NFC & Proximity Solutions
23 Apr 2014   Future Bank Asia
23 Apr 2014   The Cash Handling Show Asia
23 Apr 2014   The Retail World Asia
23 Apr 2014   RFID World Asia
23 Apr 2014   Digital ID World Asia
23 Apr 2014   The Digital Signage World Asia
23 Apr 2014   Near Field Communication World Asia 2014
23 Apr 2014   The Internet Show Asia
23 Apr 2014   Ecommerce Show Asia
23 Apr 2014   10th Annual Trade & Supply Chain Seminar
23 Apr 2014   Cards & Payments Asia 2014
23 Apr 2014   The Mobile Show Asia 2014
23 Apr 2014   Cards & Payments Asia 2014
23 Apr 2014   Cards & Payments Asia 2014
24 Apr 2014   China Retail Focus 2014
24 Apr 2014   4th Annual Indonesia Trade & Commodity Finance Conference
24 Apr 2014   M2M World Congress
29 Apr 2014   Total Payments Mexico
29 Apr 2014   Big Data World Mexico
29 Apr 2014   Loyalty World Mexico
29 Apr 2014   FinovateSpring
29 Apr 2014   Money Transfer Dubai