eBay CEO, John Donahoe: “eBay Mobile GMV will surpass $8 Billion in 2012”

John Donahoe, eBay CEO,  announced that eBay is projecting 2012 global mobile gross merchandise volume (GMV) to surpass $8 billion. PayPal projects that its global mobile total payment volume (TPV) will be $7 billion in 2012.

“Mobile plays a significant role in how eBay Inc. is enabling commerce and using technology to connect consumers and provide new ways for them to shop when, where and how they want,” said Donahoe. “The success of eBay and PayPal mobile in 2011 surpassed our expectations and we’re confident that this success will carry into 2012 as more shoppers turn to the convenience of shopping and paying via mobile at the moment shopping inspiration hits.”

eBay Inc. anticipates continued growth in mobile sales and payments in 2012 as shopping on smartphones and tablet devices becomes increasingly common among shoppers around the globe. eBay’s global mobile GMV reached $5 billion in 2011, more than doubling 2010 global mobile GMV of nearly $2 billion. PayPal global mobile TPV was $4 billion in 2011.

Source: eBay Ink

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