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Mobile commerce is thriving in the United Kingdom

Mobile commerce is thriving in the United Kingdom

UK consumers are spending more through their mobile devices Research from RetailMeNot, predicts that more consumers in the United Kingdom will be spending their money through mobile devices in the coming years. According to this research, some $15 billion in mobile commerce retail transactions are expected to be made by the end of this year. The report notes that this is a significant increase over the $7 billion that was reported last year. Currently, mobile commerce … Read entire article »

Filed under: International, Mobile Commerce, Mobile Payments, Trends

Mobile commerce is growing in Latin America

Mobile commerce is growing in Latin America

Report highlights the potential of the Latin American market The mobile payments market in Latin America is expected to see explosive growth in the coming years. A recent report from Pyramid Research shows that Latin America is becoming a very attractive mobile market, which is attracting the attention of prominent companies that have an interest in the mobile space. Mobile subscriptions throughout the region have risen to 735 million, with 62% of all mobile devices being … Read entire article »

Filed under: International, Mobile Commerce, Mobile Payments, Trends

Google’s mobile payments platform is now FDIC-insured

Google’s mobile payments platform is now FDIC-insured

Google wins FDIC coverage for its mobile payments service Those using Google Wallet are in for some good news. Funds associated with the mobile payments platform are now insured by the Federal Deposit Insurance Corporation (FDIC). This federal organization provides insurance coverage for funds held by banking institutions up to $250,000. This means that if Google Wallet were to be dissolved entirely, those using the service will not lose the funds they have stored on the … Read entire article »

Filed under: Mobile Apps, Mobile Commerce, Mobile Commerce Security, Mobile Payments

Samsung will launch mobile payments system using fingerprint security

Samsung will launch mobile payments system using fingerprint security

The technology giant will be rolling out a simple transaction system in South Korea by the end of April. Samsung Group subsidiary, Samsung SDS, which is an IT services firm, has now announced its intention to launch a mobile payments system in South Korea that uses fingerprint scanning technology. While the smartphone payments system will get started in South Korea, it will be expanding in the future. Samsung’s plans appear to be to initially launch the mobile payments … Read entire article »

Filed under: Gadgets, Mobile Apps, Mobile Commerce Security, Mobile Payments

Mobile commerce app Spring wins $25 million in funding

Mobile commerce app Spring wins $25 million in funding

Spring raises more funding from venture capitalists Funding continues to flow into the mobile commerce sector, as venture capitalists show more support for services and platforms that show promise. Spring, a mobile commerce firm founded by venture capitalist David Tisch, has announced that it has received $25 million in its latest round of funding. This funding round was lead by Google Ventures, Sound Ventures, and Groupe Arnault. The funding will help the platform continue to improve … Read entire article »

Filed under: Mobile Apps, Mobile Commerce, Mobile Payments