Current mobile commerce trends are giving offline retail a shot in the arm

Mobile Commerce trends

Though some have predicted that smartphone shopping will harm foot traffic to stores, the opposite may be true. Local retailers have always relied the most heavily on foot traffic, but many have been afraid that mobile commerce trends would start to steal those customers away, sending them to shop online or at larger rivals, instead. That said, measures of marketing and m-commerce habits are revealing that this is not the case. Instead, mobile commerce trends may actually be helping retailers of all sizes, particularly when it comes to shopping in-store.…

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Mobile commerce is growing aggressively in Vietnam

Google reports that mobile payments have become a powerful force in Vietnam due to smartphones ownership Mobile commerce is exploding in Vietnam, according to a new report from Google. The company’s Vietnamese branch has found that there is a major shift in consumer behavior due to the growing availability of mobile devices. According to the report,¬† mobile consumers in the country pick up and look at their devices an average of 150 times a day, or more than 10 times every hour. Notably, these consumers are becoming more interested in…

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New York aims to use mobile payments to let consumers pay subway fares

New York Transit Mobile Ticketing

Consumers will be able to use their mobile devices to pay subway fares, eventually The New York Metropolitan Transportation Authority has announced plans to embrace mobile payments in the future, allowing city residents to use their smartphones to pay for rides on the city’s subway network. The organization plans to install mobile systems throughout the subway network in order to accommodate the growing demand for mobile commerce. These systems will not be available any time soon, however, as the agency plans to fully embrace mobile commerce by 2021. Mobile commerce…

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Mobile commerce set to grow twice as fast of e-commerce in the coming years

Mobile commerce growth global world

Information from Coupofly shows that the mobile payments market is growing extremely quickly The mobile commerce market may soon grow twice as fast as the e-commerce space. According to information from Coupofly, the mobile commerce market is growing aggressively, with consumers becoming more comfortable with the idea of using their smartphones and tablets to purchase products. Coupofly notes mobile payments now accounts for 34% of all digital transactions throughout the world. This market is expected to grow by 31% in 2017, more than 200% faster than the growth of the…

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Smartphones are beginning to drive the growth of mobile commerce

mobile commerce future smarphone

More consumers are beginning to rely on smartphones to shop, not tablets More consumers in the United States are becoming comfortable with the concept of mobile commerce, and many are beginning to rely on their mobile devices to research and purchase products both in physical stores and online. In the past, consumers had shown favor for tablet devices when doing their mobile shopping, as the larger screens of these devices allowed for a better shopping experience. Now, however, smartphones may be driving the growth of mobile commerce. 67% of adults…

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LINE launches new services in order to expand mobile payments

mobile payments grocery store

LINE introduces new technology and support for pre-paid cards Japanese messaging firm LINE has announced the launch of new barcode scanning technology for mobile devices as well as a pre-paid card service. Both are expected to help consumers make mobile payments when shopping at physical stores. The move is part of LINE’s largest initiative to establish a strong presence in the mobile commerce space. The company already has a foothold in this market with its LINE Pay service, but intends to connect more aggressively with consumers in the future. Line…

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Apple’s mobile payments service set to support the mobile web

Apple maps mobile payments

Apple Pay will be moving beyond app purchases later this year Apple Pay is beginning to move beyond the world of applications. For some time, Apple has been informing potential partners that its new mobile payments service will be expanding to websites later this year. The service is expected to evolve, harnessing the power of the mobile web, which consumers have become increasingly reliant on when shopping online with a smartphone or tablet. Moving to the mobile web may help Apple Pay find more success in a space where it…

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WeChat is setting its sights on mobile payments in China

mobile payments app shopping

Popular messaging app is growing very quickly WeChat, one of China’s most popular messaging applications, is becoming a major player in the mobile payments space. The app accounts for 697 million active monthly users, 200 million of whom began to use the service last year. This gives WeChat access to an abundance of people that may be interested in mobile commerce. The concept of being able to shop, purchase products, and send money to friends and family from a mobile device has become very popular in China and WeChat intends…

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Square bets on EMV standards improving the mobile payments space

Square Inc. mobile payments nfc technology

Dorsey has high hopes for EMV standards Jack Dorsey, CEO and co-founder of Twitter and CEO and founder of Square, wants his mobile payments company to be universally recognized as a leading mobile commerce firm. Dorsey believes that the coming shift toward EMV standards will help Square accomplish this goal. Square has released its first earnings report since its initial public offering, showing that it has received 350,000 pre-orders for its EMV-enabled card reader, which can be used to process mobile transactions. New standards may speed up mobile transactions According…

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TD Canada Trust launches its own mobile payments service

Canadian Mobile payments

TD Bank app has been updated to use new payment service TD Canada Trust has beaten both Apple and Samsung in launching a new mobile payments service in Canada. The company has launched its own payments platform in an effort to better connect with mobile consumers that rely heavily on their smartphones and tablets. The service is part of the TD Bank application, which is now available for Android devices. Those with TD Canada Trust Visa cards can now use the app to connect to sales terminals throughout the country,…

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Growing infrastructure and demand for mobile payments could have an impact on India’s economy

India mobile phone manufacturing

Report highlights the beneficial impact that better mobile technology and Internet connectivity will have on the country New mobile payments technology and the expansion of a 4G mobile network will have a major impact on India’s economy this year, according to a new report from Union Budget. India’s mobile infrastructure has been growing at a fast pace, largely due to growing smartphone penetration and the rising demand for mobile Internet access. The expansion of this infrastructure will make it easier for consumers to take advantage of new payment services and…

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