Mobile payments sees great potential in urban areas

Future of Mobile Payments

The market in Indonesia appears to have a good shot in cities and areas of more dense population. Although mobile payments and wallet services have been struggling to take hold in many parts of the world, in Indonesia, the trend appears to be slanted toward the urban areas, where there is considerable potential still left untapped. While some early adopters are already using digital wallet technology, they remain the minority. It is believed that while there are a small number of people who are using mobile payments for transferring money…

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Mobile banking has a bright future in Asia

mobile payments banking check deposit

Report shows that the demand for banking applications is on the rise in emerging Asian markets Ericsson, a Swedish communications technology company, has released a report concerning mobile banking. As smartphone penetration continues to grow, many people are looking for services that can help them manage their finances on a mobile device. As such, the demand for mobile banking applications has begun to grow. Many banks have been slow to accommodate this demand, but the future may be bright for the mobile banking space. The report from Ericsson shows that…

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Technology news predictions show a smartphone number tripling by 2019

iphone or android mobile phone subsidies

If this forecast is correct than there will be three times more of these devices by that time. A technology news report has been issued by Ericsson of Sweden which has indicated that by the year 2019, they expect the number of smartphones to have tripled to the point that the total figure will have reached 5.6 billion worldwide. If this is correct, then it will mean that smartphones will make up 60 percent of all global cell phones. Ericsson, the largest telecommunications network maker in the world, expressed in…

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What is mobile commerce and how it affects the way we do business

New iphone

Mobile commerce – creating a more convenient economic ecosystem within the palm of your hand Commerce is changing; it is becoming more mobile as smartphones and tablets become more prolific. Consumers are finding that their mobile devices are more convenient to use than traditional methods of commerce due to the vast assortment of applications that are available to them. The convenience and availability of these devices has caused a spike in mobile commerce activity and interest, with consumers showing that they are now more willing than ever before to move…

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Ericsson ConsumerLab highlights potential of African m-commerce

africa mobile technology

Ericsson ConsumerLab report signals promising growth of m-commerce in Africa Africa is home to a mobile commerce industry that is bursting with potential. As more consumers gain access to mobile devices in countries like Ghana, South Africa, and Tanzania, the demand for m-commerce services is on the rise. These consumers have shown a great deal of interest in shopping and purchasing products through their mobile devices. Ericsson ConsumerLab, a leading provider of communications technology and services, has taken note of the promise of the African m-commerce industry and has been…

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