Gaming applications have held onto the top spot, but shoppers are clearly showing their love of mobile. A recent StartApp report has shown that m-commerce apps are second only to gaming applications when it comes to download growth rate. Moreover, the report predicts that there remains a great deal of room for additional growth. This growth rate has particular potential in the areas of popular music, photo and entertainment apps. According to the StartApp data, gaming applications have been downloaded by 78 percent of global device users. Not far behind,…
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Growing infrastructure and demand for mobile payments could have an impact on India’s economy
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…
Read MoreSnapdeal wants to make mobile payments even better in India
Snapdeal’s design team aims to improve the company’s position in mobile commerce Snapdeal’s design team, also known as its “design mafia,” has plans to make the best mobile shopping experience in India. The team intends to create a powerful app foundation for its future mobile payments interests. Last month, Snapdeal made major changes to its prominent payment application, but the company plans to continue introducing new features and services throughout India in the coming months. These changes may help Snapdeal find more success in the competitive mobile commerce market. Design…
Read MoreMobile commerce is set to boom in India
Study predicts that mobile commerce with overtake e-commerce in terms of growth Mobile commerce is expected to overtake e-commerce in terms of growth in India in the coming years. Deloitte India has released a new study that shows that the demand for mobile commerce services is growing among consumers and businesses alike. Many people are beginning to rely on their smartphones and tablets to get their shopping done, both online and off. As such, they are shopping on conventional computers less frequently. More companies are involving themselves in the mobile…
Read MoreIndian banks team with Visa to take on mobile commerce
Mobile commerce to get a boost as banks partner up with Visa Several Indian banks have begun to test a mobile payment service that has been developed by Visa. Axis Bank, HDFC Bank, ICICI Bank, and State Bank of India have all agreed to test Visa’s mVisa service, which will allow their customers to make in-store transactions with their mobile devices. They will also be able to use the service to pay bills and send and receive money with their smartphones. The service will be available to approximately 20,000 merchants…
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