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Bite-sized Q2 Earnings Updates: PayPal, Google, Apple, Twitter
Written by Monitise, July 28, 2014
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Mobile Money

PayPal leads eBay –153M active accounts (up 16% YOY) and $55Bn payment volume (up 22% YOY) at PayPal. 73% of this was off-eBay and that segment growing faster at 35%. Braintree acquisition got several mentions with their claimed 10 minute integration time into an app. Overall mobile volume (including the eBay marketplace app) was up 68% (transcript).

Google focus on mobile for marketing – CFO and COO on the mCommerce potential of mobile banking apps: “In today’s world, unlocking the mobile phone opportunity is absolutely key for every marketeer” and “I think the revenue opportunity is phenomenally high, because right now mobile does not monetize as well as certain other forms….mobile should be monetizing even better than desktops”. The elephant in the room is that Google’s dominance in mobile advertising is driven by search, not banners, so while they are still growing, they are losing share (transcript).

IBM and Apple team up for enterprise mobile, IBM deepened relationship with Monitise – Busy week for IBM, with its alliance with Apple raising quite a few eyebrows. The partnership is all about the enterprise-user and reinforces IBM’s commitment to mobile.

On July 21st, IBM also jointly announced with Monitise of a deepening relationship aimed at the bank’s consumer and SMB users. IBM is selling Monitise technology as part of its channel offerings to financial institutions, and Monitise is increasingly building its platform on IBM technology. (transcript.)

Twitter buys CardSpring to link online and offline user experiences – Another payments move from one of the big internet companies – CardSpring allows consumers to link their credit/debit card numbers to online merchant offers, to redeem offline later. It’s unclear if Twitter will continue to run the separate products or fold them into their own commerce offerings.

http://www.monitisemobilefi.com/bite-sized-q2-earnings-updates-big-tech-players-paypal-google-apple-twitter/