eBay (EBAY) Shares Tick Higher on Expanded PayPal Capability
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Price: $113.92 -0.69%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 2.3%
Revenue Growth %: +11.9%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 2.3%
Revenue Growth %: +11.9%
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Shares of eBay (Nasdaq: EBAY) are ticking higher Monday as the company is entering several new partnerships and relationships aimed at enhancing the mobile payments capability of its PayPal unit. The announcement was made during the Mobile World Congress in Barcelona, Spain.
Announced was a new partnership with carrier Three.co.uk; strategic integrations with merchants such as Yotel and Entradas.com; and mobile app updates that evolve mobile commerce selling and shopping experiences for consumers.
The moves are necessary for eBay. PayPal is expected to see astounding mobile payment growth in 2012, up 75 percent from $4 billion last year to $7 billion. That's 88 percent of the overall $8 billion eBay is planning for in 2012.
For the Three.co.uk deal, eBay's mobile payment app will come standard on Google (Nasdaq: GOOG) Android-equipped devices.
Also launched Monday was the PayPal Carrier Payment Network. PayPal will work with its 250+ carriers and 1,500+ digital goods merchants to expand the carrier payment experience and create a win-win situation for carriers, merchants and consumers.
On the app update, eBay commented, "[w]ith the version 2.5.0 update to the eBay Core app for Apple's (Nasdaq: AAPL) iPhone, eBay now delivers the ability to calculate shipping, research pricing trends and make sales from virtually anywhere, as well as offering improved image quality, push notifications on bids and Twitter integration."
Shares of eBay are about 1 percent better Monday.
Announced was a new partnership with carrier Three.co.uk; strategic integrations with merchants such as Yotel and Entradas.com; and mobile app updates that evolve mobile commerce selling and shopping experiences for consumers.
The moves are necessary for eBay. PayPal is expected to see astounding mobile payment growth in 2012, up 75 percent from $4 billion last year to $7 billion. That's 88 percent of the overall $8 billion eBay is planning for in 2012.
For the Three.co.uk deal, eBay's mobile payment app will come standard on Google (Nasdaq: GOOG) Android-equipped devices.
Also launched Monday was the PayPal Carrier Payment Network. PayPal will work with its 250+ carriers and 1,500+ digital goods merchants to expand the carrier payment experience and create a win-win situation for carriers, merchants and consumers.
On the app update, eBay commented, "[w]ith the version 2.5.0 update to the eBay Core app for Apple's (Nasdaq: AAPL) iPhone, eBay now delivers the ability to calculate shipping, research pricing trends and make sales from virtually anywhere, as well as offering improved image quality, push notifications on bids and Twitter integration."
Shares of eBay are about 1 percent better Monday.
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