Best Buy mobile stores will all close by the end of May

Best Buy mobile stores - Image of Best Buy Store

The electronics retailer has decided to shut down all 250 of its American mobile shops. Best Buy mobile stores will be shutting down as of May 31, said the electronics retail giant. The company plans to close down all the 250 locations in the United States. This was not much of a shocking revelation to consumers who were used to seeing the tiny shops. Many of the Best Buy mobile stores are located in shopping malls. For shoppers who saw them regularly, the news may sound as though it is…

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M-commerce benefits from massive smartphone penetration in the Philippines

M-Commerce growth

Shopping over cell phones has become very appealing to a young and newly connected population. Although the highest rates of smartphone penetration remain in more developed markets such as Singapore, it is within other countries such as the Philippines and Thailand that m-commerce is growing at the fastest speed. Despite the fact that smartphone penetration is lower, mobile shopping is rising exceptionally quickly. According to online shopping service Lazada’s CEO and co-founder Inanc Balci, “We are starting from a lower base because mobile phone penetration in the Philippines is still…

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Mobile commerce may account for half of online sales by the end of this year

mobile commerce and NFC technology

Retailers are feeling the need to embrace mobile consumers more aggressively Retailers throughout the world have taken note of the promise that exists in the mobile space and many have begun making moves to be make themselves more attractive to consumers with mobile devices. Mobile commerce has once been considered a temporary phenomenon that would eventually lose momentum and become nothing more than a gimmick that consumers appreciate from time to time. Now, however, consumers have shown that they adore mobile commerce, and retailers are feeling the need to accommodate…

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OTI finalizes sale of SmartID division

NFC Technology mobile commerce

Mobile commerce firm closes sale of SmartID to SuperCom On Track Innovations (OTI), a leading developer of cashless payment technologies, has announced the successful sale of its SmartID division to SuperCom, a digital identity solutions provider. SmartID was sold for approximately $10 million and SuperCom is expected to continue the organization’s daily operations, taking on SmartID’s clients and ensuring they have access to the acquired organization’s services and products. SuperCom is also expected to take on SmartID’s employees, ensuring that those that had worked in the division previously are able…

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M-commerce at QVC rises by a massive 63 percent in the third quarter

M-Commerce growth

American web sales rose by 12 percent and now make up 41 percent of the total sales seen by the company. QVC has managed to establish itself as an m-commerce master, having ranked third in the 2014 Internet Retailer Mobile 500, with only Apple and Amazon ahead of its ranking. That said, the company is also continuing to grow its online consumer base over mobile. During this year’s third quarter, the American m-commerce figures from QVC saw sales rising by a whopping 63 percent. This now means that mobile represents…

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Mobile commerce in the United States to grow over 32 percent in 3 years

Mobile Commerce U.S. and Worldwide

According to a recent study, the size of the American market is set to experience a very healthy growth. As a result of the rising adoption of smartphones and a growing demand to be able to purchase products online, the American mobile commerce marketplace is predicted to rise at a compound annual growth rate (CAGR) of 32.38 percent by the close of 2016. Smartphone device adoption in the U.S. is occurring at a very rapid rate and people are using them to shop. In fact, the United States is among…

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QR Code Press is your provider of live Money 2020 updates

Our reporters will bring you the very latest in this five day long Las Vegas event. This year, for the second annual Money 2020, QR Code Press will be in attendance, with reporters bringing you the very latest from every day of the event, which runs from October 6 through October 10. These writers will be navigating the various parts of the events among almost 4,000 other attendees. The official Money 2020 website has predicted that there will be more than 300 CEOs in attendance, from among more than 1,250…

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Mobile commerce predicted to reach $25 billion in 2013

Mobile Commerce projections

The boom of smartphone and tablet based shopping is here and it is predicted to sail this year. In the first half of 2013, comScore recorded mobile commerce sales as having reached $10 billion in the United States, alone, and that firm’s latest survey data is now suggesting that by the end of this year, that figure could rise to exceed $25 billion. Last year by the halfway point, the sales over smartphones and tablets had been at $8.3 billion. For the entire year of 2012, mobile commerce brought in…

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M-commerce Boxed app made for bulk shopping by gaming experts

mobile commerce shopping

What would typically be considered to be a shopping platform has been converted into an enhanced experience. A team of nine Zynga developers have worked with flurry and Adap.tv to create a tremendous m-commerce idea that has developed into what is called Boxed, an app that allows for the purchase of bulk goods. To do this, they inexpensively purchased the boxed.com domain from a man in the UK who owned it for 15 years. The original concept that the created was to draw carry over the $25 billion market for…

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Mobile commerce venture approved by the EC in Spain

mobile commerce trends

This new program will be a partnership between the Spanish banks called Banco Santander and CaixaBank and Telefonica. The latest addition to the mobile commerce environment in Spain is a new joint venture that has just been cleared by the European Commission among CaixaBank, Banco Santander, and Telefonica. They are hoping to form an online community for consumers and merchants alike. The mobile commerce venture is meant to be the first of its nature. Although its initial target will be Spain, it does have intentions for expansion on an international…

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Mobile commerce trial begins for Linio in Latin America

Mobile commerce Trends

The market holds a great deal of potential, helping to explain why a pilot program there is a natural step. Linio, with the backing of Rocket Internet, has just released its first app geared toward the Latin American mobile commerce marketplace, which is predicted to be ready to take off at any moment. Moves such as this one are being made in order to establish a company or a brand before the market becomes crowded. Interest in the Latin American marketplace has spiked since last week’s report from Ericsson, which…

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