eBay has launched its own digital wallet, and the American e-commerce firm also said last week that it is expecting revenue growth between five and six percent in fiscal 2023.
According to Reuters, analysts surveyed by Refinitiv, an American-British global provider of financial market data and infrastructure, predicted revenue of $10.95 billion in 2023, which is equivalent to 5.5% growth.
This may be possible as eBay experienced robust demand as online shopping took off last year at the height of the COVID-19 pandemic. However, the company is now trying to keep the momentum up as the people are slowly returning to the normal way of life. On top of this, it is also facing stiff competition with other innovative e-commerce stores like Amazon.
At any rate, eBay’s new digital wallet will help it keep up with rivals as it has a feature that allows users to utilize earnings from their sales to either buy another item or pay their selling expenses. And this is not all, the company also announced the debut of its eBay Vault, which was described as a digital…