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Ebay expects over 500 million in mobile-based revenue in 2009
Kent McNeil

In an article from USA Today, eBay’s CEO John Donahoe said his company expects to generate over $500 million in mobile-based application revenue in 2009.   Most of this revenue will come from the iPhone application, which has been downloaded more than 5 million times so far.

Donahoe also said mobile and Internet transactions will drive e-commerce from 5% of total retail sales to approximately 15-20% in five years.

To do their part in growing e-commerce eBay has opened up PayPal.  eBay is now allowing 3rd parties to integrate with PayPal in the hopes that it will drive innovation, and eventually the new innovations will increase transactions.

The USA Today article notes Twitpay.me and ShopSavvy as two companies that have already taken advantage of PayPal’s new open technology strategy. 

  • Twitpay.me allows users to tweet payments by linking their PayPal accounts to Twitter. 
  • ShopSavvy allows consumers to compare products using an iPhone and Android handset.

It is good to see a company the size of eBay embracing the opening of technology.  This move will help eBay in the quickly evolving mobile payments industry. 

For a deeper look please visit the USA Today article below.

http://www.usatoday.com/tech/news/2009-12-15-ebay15_ST_N.htm?csp=34&am
p;utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+U
satodaycomMoney-TopStories+%28Money+-+Top+Stories%29

http://shopsavvy.com/

https://twitpay.me/

Read the whole blog

Posted on: Tuesday, December 15, 2009


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 Kent McNeil's Bio

Name:  
Kent McNeil

Kent McNeil is a recognized expert in the mobile financial services industry. He has helped wireless operators, international remittance providers and application service providers develop mobile financial strategies and commercialize their product offerings. Mr. McNeil is responsible for the mobile practice’s financial service offerings, its market research and overseeing client consulting engagements. Mr. McNeil also contributes to the mobile financial services information portal that provides industry insight and news to professionals around the world (www.mobile-financial.com). His specialties include mobile marketing, mobile applications, telecom open-source software (OSS) and business support systems (BSS) in wireless and wireline networks, enterprise application integration (EAI) open-source software, service-oriented architectures (SOA), service-delivery platforms (SDP) and business process management (BPM). He also manages DonRiver’s offshore teams.

 

Prior to joining DonRiver, Mr. McNeil served as an executive for Accenture, where he focused on network technology consulting, specifically on defining and implementing operational software solutions for Tier 1 wireless operators and telecommunications service providers.

 

Mr. McNeil holds a bachelor’s degree in Management Information Systems from the University of Texas in Austin.