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Sun, Feb 26 2012 EBay sees strong mobile commerce volume growth in 2012 Tweet Share this Email Print Analysis & Opinion Press Round-up – February 22 Apple needs more than a good lawyer in China Related Topics Tech » Hot Stocks » Asian Markets » Visitors chat next to the Ebay logo at the CeBIT computer fair in Hanover March 2, 2011. Credit: Reuters/Tobias Schwarz Mon Feb 27, 2012 8:21am EST (Reuters) - EBay Inc forecast robust growth in its mobile commerce segment as the online commerce and auction site expects more people to shop and pay via smartphones. The company has been making a particularly strong push in mobile commerce and developing new applications for its e-commerce platforms. In 2012, eBay expects to do $8 billion in mobile commerce retail volume, and its electronic payments system PayPal expects to process $7 billion in mobile payment volume. In 2011, eBay mobile commerce generated $5 billion in retail volume, and PayPal mobile generated $4 billion in payment volume. In January eBay gave a conservative quarterly sales forecast despite unveiling better-than-expected results, warning that a weak European economy may take the gloss off rip-roaring growth in online commerce. The company also announced a new partnership with carrier three.co.uk and strategic agreements with merchants such as Yotel and entradas.com. EBay shares closed at $36.36 on Friday on the Nasdaq. (Reporting by Ranjita Ganesan; Editing by Supriya Kurane) Tech Hot Stocks Asian Markets Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. 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