Consumers are taking to their smartphones to buy, pay and shop in large numbers, growth that eBay has seen first hand, eBay CEO John Donahoe told CNBC from the World Mobile Congress in Barcelona.
"Consumers are embracing mobile in big ways," said Donahoe. "Mobile payments are exploding. It grew over 600 percent last year, with almost $4 billion of mobile payments volume. What's happening is consumers, all of us, we've got our mobile phones with us seven days a week, 24 hours a day and we are increasingly using them when we shop and when we pay."