The rapidly changing the way consumers pay

The rapidly changing the way consumers pay

Beijing on October 10 morning news, eBay CEO John Donahoe (John Donahoe) said Tuesday that consumer payment methods are changing rapidly, but will begin to change in the future more quickly Donahoe said in BoxWorks meeting, consumer who are rapidly adopting mobile devices, which make it easier to carry out a variety of new ways to pay. He pointed out that many companies are trying to adapt to this consumer demand, with the result that a large number of innovative products will appear. He further pointed out: Most people underestimate how much shopping and payment experience a fundamental change will occur. Donahoe since 2008 has been known as eBay CEO Donahoe on eBay is concerned, the company has The mobile payment services on a high priority on its PayPal business has introduced a variety of new payment methods. But this fact has been masked largely because of the current media environment, many of the media has focused on its main competitor Square body. Donahoe especially eBay has brought to the market a change extol that the user can click the Home Depot stores in a PayPal button, you can use the phone number and 4-digit PIN code to make payments, and even do not have to phone out of your pocket or purse eBay also has introduced a competing directly with Square products in March this year, which is named Here The product allows users to use their mobile devices to connect together electronic dog make payments and receive payments. But Donahoe's speech on Tuesday did not mention this product. Downloads eBay application has more than 100 million times, and eBay expects mobile devices by processing transactions will reach $ 10 billion. In addition, mobile devices PayPal transactions processed this year is also likely to reach $ 10 billion. On the eBay site, consumers paid weekly via mobile devices purchased the car up to about 8000 in the UK and Australia, mobile payments in the proportion of all payments received from eBay has reached 25%. Donahoe said that in the near future this ratio will exceed 50% of the General Assembly moderator, venture capitalist Mark Anderson (Marc Andreessen) to Duonahuoti asked, eBay will be how the thousands are emerging out of the interbank Companies compete. Donahoe expressed, in addition to the internal encourage creativity than eBay, the company will continue to acquire some companies, these companies need to comply with its mission to promote global business. He pointed out that, as a result of payment changes will happen quickly: In the next three years, the way consumers shop and pay than in the past 20 years, there are more changes, and move the center of this change will be in location. (Tang)click to read more