China may become the leading power in mobile commerce in the coming years

China Mobile Commerce

NFC technology is beginning to gain traction in China. China Mobile and China Unicorn, both telecommunications companies, are the latest corporations to adopt NFC technology in the country. Smart phone ownership is growing throughout the nation, along with the demand for new ways to use such devices in terms of commerce. Both companies plan to join the other 43 companies that are working to bring NFC technology to China, hoping that NFC-powered mobile commerce will soon take root and become a major financial phenomenon. China is home to the highest…

Read More

Retrevo survey shows that NFC-powered mobile wallets are not as anticipated as once thought

Mobile Payments Survey

The future of commerce is often being laid on the shoulders of NFC technology. NFC is most often associated with contactless payments – essentially, transactions via mobile device. Google, Apple and a number of financial institutions are investing heavily into this technology, claiming it to be the catalyst for a new era of mobile commerce. While that may be true, a new study from The Retrevo Pulse, a research firm that tracks trends and consumer demand in real-time, suggests that consumers are not ready to adopt mobile payments. Retrevo polled…

Read More