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EcommerceBytes-NewsFlash, Number 2748 - February 27, 2012 - ISSN 1539-5065    5 of 5

eBay, PayPal Release News at Today's Mobile World Congress

By Ina Steiner
February 27, 2012

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eBay CEO John Donahoe announced PayPal's new "Pay and Stay" mobile feature during a keynote panel at the Mobile World Congress on Monday. Soon, consumers will be able to book a room at one of Yotel's locations with PayPal using their smartphones. In addition, PayPal integrated with Spain's leading ticketing company, Entradas.com, to allow consumers to buy tickets with a mobile phone and PayPal.

According to PayPal's blog announcement, "Travelers can book on any smartphone using the browser - there's no need to download an app, simply visit the Yotel website on your mobile device and follow the instructions to book a room in under 60 seconds."

eBay also announced version 2.5.0 of its core app for iPhone. According to the company's press release, "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."

eBay also announced a new partnership with major UK carrier Three.co.uk, which will deliver mobile devices pre-loaded with eBay apps, and the PayPal Carrier Payment Network, designed to make mobile carrier payments more viable for a wider number of online merchants. PayPal will work with its 250 carriers and over 1,500 digital goods merchants to expand the carrier payment experience, requiring the carriers to revise standards, the company said.

In 2011, eBay mobile commerce generated $5 billion in retail volume, and PayPal mobile generated $4 billion in payment volume. eBay's mobile apps have been downloaded more than 70 million times. In 2012, eBay expects to do $8 billion in mobile commerce retail volume, and PayPal expects to process $7 billion in mobile payment volume.

eBay CEO John Donahoe said in Monday's press release, "We're seeing a new retail paradigm emerge through mobile. Consumers are in control, and they want to shop anytime, anywhere. That creates opportunity. eBay is driving mobile commerce innovation, partnering with carriers and merchants to build a new retail ecosystem that drives growth by delivering anytime, anywhere value and rich multichannel shopping experiences for consumers."

About the author:

Ina Steiner is co-founder and Editor of EcommerceBytes and has been reporting on ecommerce since 1999. She's a widely cited authority on marketplace selling and is author of "Turn eBay Data Into Dollars" (McGraw-Hill 2006). Her blog was featured in the book, "Blogging Heroes" (Wiley 2008). Follow her on Twitter at @ecommercebytes and send news tips to ina@ecommercebytes.com.

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