eBay revenue figures best in six years

Online retailer eBay has posted its best quarterly gain in six years, generating $3bn in revenue and taking earnings to $490.5m. The company's PayPal business was a key driver, with revenue up 32% year on year to $1.1bn, showing the punch that the burgeoning mobile payments sector now punches. Last year $750m in payments were transacted through PayPal accounts and eBay estimates that figure will hit $3.5bn this year.