Apple and Samsung to bring mobile payments services to China

Apple Music app

Apple and Samsung have formed deals with UnionPay to enter China’s mobile payments market Apple and Samsung are set to compete with one another in China, which has become one of the world’s leading mobile payments markets. Both companies have managed to form deals with China’s UnionPay, one of the country’s largest banks. For Apple, this comes after a great deal of negotiation, where the company found resistance to its plans to enter into China’s mobile payments market. With an entry into the market, Apple predicts to find significant success…

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Mobile commerce sees explosive growth worldwide

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Emerging markets are beginning to focus more heavily on the digital world, especially where mobile is concerned Mobile commerce continues to see aggressive growth throughout the world, with much of this growth being driven by emerging markets that have become increasingly focused on the digital space. Mobile commerce now accounts for approximately 7% of all e-commerce sales globally. This an incredible increase over what the mobile sector accounted for in 2010. Over the next three years, the mobile’s share of the e-commerce market is expected to by more than 50%.…

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Apple seeks to bring mobile payments service to China

apple store mobile payments

Apple is talks with Chinese banks to bring mobile payments service to the country Apple is looking to release its mobile payments service, Apple Pay, in China in the relatively near future. The company is reportedly in negotiations with four of China’s largest banks, including Bank of China, and the Industrial & Commercial Bank of China. If Apple can form a deal with these financial institutions, iOS consumers in China will be able to use Apple Pay to purchase products, both in physical stores and online. Apple Pay enables iOS…

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Mobile commerce market is growing quickly throughout the world

mobile commerce wallet payments

IDC predicts that mobile commerce transactions will grow significantly in the near future Market research firm IDC has predicted that the world will see a dramatic increase in mobile commerce transactions in the coming years, with the Asia Pacific region leading the way in terms of growth. throughout Asia, mobile commerce has been growing at a rapid rate, particularly in China where retailers are beginning to place more emphasis on mobile consumers. Expanding mobile Internet networks and growing smartphone penetration are also making it easier for consumers to participate in…

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Mobile commerce market is growing quickly throughout the world

mobile commerce asia pacific

Report highlights the growth that the global mobile commerce market is experiencing A new report from yStats shows that mobile commerce is experiencing healthy growth throughout the world. The report notes that the global mobile commerce market has, in some cases, seen triple digit growth rates, which means that the market is beginning to overshadow the overall online retail market in terms of sales growth. Notably, however, desktop computers remain the favored way for consumers to shop online, but many are beginning to use their smartphones to shop for and…

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