eBay CEO Says No One Will Hold a Monopoly on Mobile Payments
In an interview with CNBC this afternoon, eBay (NASDAQ: EBAY) CEO John Donahoe told the network that he does not believe that any one firm will hold a monopoly on mobile payments.
"Innovation always keeps me up at night," he said, adding that there had not been much innovation in the payment industry until mobile came around. He feels that mobile equals innovation, and said that his company executed $20 billion in volume last year.
"We like our position," he said.
In speaking about the economic problems in Europe, Donahoe said that he thinks "everyone has to worry" about it. But he is cautiously optimistic about its recovery and thinks that the powers that be will do what needs to be done.
While some firms have struggled to deal with the mobile transition, Donahoe said eBay is lucky in that it is able to monetize the same on mobile as it does on the Web. This eliminated any potential conflict between the two platforms.
He also said that mobile payments are growing and that the eBay and PayPal businesses have helped each other.
Finally, Donahoe said that he does not worry about anything that people say except for his customers.
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