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Report predicts the explosive growth of mobile payments

09/30/201509/28/2015 Stephen Vagus

Bank of America report predicts that mobile payments market will grow 200 fold Bank of America has released a new report that predicts the explosive growth of the mobile commerce space. Over the next seven years, the bank predicts that the mobile commerce market will grow 200 fold. This growth is being powered by the aggressive adoption of mobile payments systems by retailers and the growing demand for such services coming from consumers. Mobile shopping is becoming more common and many retailers are beginning to focus on the mobile space…

Security and privacy are a top concern for retailers in the mobile payments space

07/02/201507/01/2015 Stephen Vagus

Mobile payments continue to be a challenge for retailers When it comes to mobile payments, retailers are undeniably interested, but they have major concerns that must be addressed before they can show wholesale support for new payment platforms. A new report from Retail System Research suggests that retailers are more concerned about protecting consumers, and themselves, from fraud than they are about actually accommodating mobile payments. Mobile payment adoption among retailers is expected to slow until security concerns are effectively addressed. Security and privacy are significant concerns for retailers According…

Impulse is driving mobile commerce in South Korea

05/12/201505/09/2015 Jennifer Goula

Laughing Young Woman Socializing in a Party Setting - mobile commerce

Impulse buying is becoming a major force for those living in South Korea Consulting firm McKinsey has released a report that shows that impulse is driving participation in mobile commerce in South Korea. The report notes that the country’s mobile commerce market has doubled in value every year since 2010. Now, mobile accounts for nearly one-third of all online sales made in the country, making South Korea one of the most attractive mobile markets in the world. The report also notes that consumers are making mobile purchases based on impulse…

Mobile commerce is changing the retail industry

04/16/201504/16/2015 L. Green

Augmented Reality shopping mobile commerce

Report shows that mobile shoppers are becoming more common in physical stores InReality, a market research firm, has released a new report that shows that mobile technology is beginning to have a major impact on physical stores. The advent of mobile commerce has changed the way that people shop for products, both online and in physical stores. Consumers are becoming more comfortable with mobile shopping and are participating in mobile commerce more frequently. What this means for physical retailers is not entirely certain, but these companies are beginning to feel…

Myntra takes a bold step into the mobile commerce world

02/16/201502/14/2015 Stephen Vagus

Retailer to shut down its website in favor of its mobile endeavors by the end of the year Online retailer Myntra is looking to retire its presence from the web in the near future. The Indian retailer will not disappear entirely, however, as it will become a mobile-only company by the middle of this year. In order to accomplish this task, Myntra is rumored to be making three acquisitions that will support its move toward the mobile space. The growing mobile commerce scene in India may be one of the…