eBay added roughly 2.8 million new customers through its mobile applications during the first quarter of 2013, with downloads of those apps now topping 162 million since late 2008.
PayPal is acquiring mobile software development startup Duff Research, a move to accelerate the rollout of its digital wallet efforts. Financial terms were not disclosed.
PayPal co-founder Max Levchin is going head-to-head with the digital commerce giant with the launch of Affirm, a new payment startup dedicated to streamlining the checkout process across smartphones and other connected mobile devices.
PayPal is extending its PayPal Here mobile payment processing platform to Europe, beating rival Square in the race to establish a beachhead on the other side of the Atlantic.
eBay anticipates its mobile payment volume will exceed $20 billion in 2013. The company also said its PayPal unit will handle around $20 billion in mobile transactions this year. The figures are up significantly from what the company reported for 2012.
eBay its updating its core shopping applications for Apple's iPhone and iPad, adding a series of new features and promising more efficient buying and selling processes.
eBay is looking to capitalize on the upcoming Thanksgiving weekend shopping frenzy by rolling out hundreds of mobile-exclusive deals enabling smartphone and tablet users to avoid crowded brick-and-mortar stores.
eBay reported revenues of $3.4 billion for the third quarter of 2012, up 15 percent over the year-ago quarter.
Four out of five U.S. smartphone owners accessed retailer websites or applications on their devices in July 2012, with Amazon and eBay generating more mobile traffic than any other merchants.
Forty-seven percent of all U.S. smartphone owners used mobile shopping applications in June 2012, according to new Nielsen research.