Mobile payments to take off in China over the next three years

China Mobile Commerce

Chinese consumers are expected to adopt the method quite widely by 2015 As mcommerce takes off in China, it is leading to a number of other associated growths, such as in mobile payments, which are expected to continue their momentum to the point that they will be highly profitable as early as 2015. A recent report has shown that although it is still just emerging in China, it will soon explode. The mobile payments report was created by Deloitte & Touche, and demonstrated that although the Chinese marketplace for paying…

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Holiday shopping season already 500 percent better than last year for mobile payments

mobile technology wallet Holiday Shopping

As had been predicted, Thanksgiving was an extremely profitable day for retailers online, with reports from IBM showing that sales this year were 39 percent higher than they were on the same holiday in 2010, with a sharp increase in shopping using a mobile device. IBM wasn’t alone in these reports. PayPal and eBay have also reported comparable trends. For example, PayPal Mobile has reported that Thanksgiving 2011 saw an increase of 511 percent worldwide in mobile payments over last year on Thanksgiving. The most common time for American consumers…

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