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Mobile commerce market is growing quickly throughout the world

08/28/201508/26/2015 Stephen Vagus

IDC predicts that mobile commerce transactions will grow significantly in the near future Market research firm IDC has predicted that the world will see a dramatic increase in mobile commerce transactions in the coming years, with the Asia Pacific region leading the way in terms of growth. throughout Asia, mobile commerce has been growing at a rapid rate, particularly in China where retailers are beginning to place more emphasis on mobile consumers. Expanding mobile Internet networks and growing smartphone penetration are also making it easier for consumers to participate in…

India’s mobile commerce industry is looking to overcome challenges

07/30/201507/29/2015 Stephen Vagus

Mobile commerce continues to grow throughout India As the mobile commerce industry continues to grow, several companies involved therein are beginning to fight to overcome significant challenges that face adoption. Indian companies are beginning to address issues that exist in the market in order to ensure that they can effectively engage consumers. According to recent market analysis, the Indian mobile commerce market is expected to grow by 55% by 2019, reaching $19 billion. Mobile Internet use among Indian consumers is also expected to increase, reaching 120 million users. Companies are…

PayPal expands further into the mobile commerce space

07/09/201507/07/2015 Stephen Vagus

PayPal successfully acquires money transfer service Xoom PayPal has announced that it has successfully acquired Xoom Corp., a digital money transfer service provider. This may represent yet another step toward PayPal’s plans to become a more prominent entity in the mobile commerce space. Xoom is currently considered one of the world’s leading remittance companies. The company allows consumers to use their mobile devices to send funds, and pay bills, using their mobile devices, making the process more convenient. Xoom may help PayPal reach new consumers that are interested in mobile…

India is a leading mobile commerce market

06/04/201506/02/2015 Stephen Vagus

India is establishing itself as the world’s leading mobile market India has become one of the largest and most influential mobile commerce markets in the world, according to a new report from KPCB, a leading venture capital firm. Several Indian firms have begun to invest quite heavily into the mobile space, establishing a strong presence among a new generation of consumers that are interested in mobile payments. India currently stands as one of the fastest growing mobile markets in the world and may hold the position as the world’s leading…

Global mobile commerce market to boom in the next three years

06/03/201506/01/2015 Stephen Vagus

mobile commerce payments smartphone shopping

Report predicts that mobile commerce market will reach $850 billion by 2018 A new report from Digi-Capital predicts that the global mobile commerce market will explode to $850 billion by 2018. Asia is expected to become a prominent player in the market, accounting for nearly half of the predicted mobile revenue that will be generated within the eastern region. Growing smartphone ownership is contributing to the growth of the mobile commerce market. Consumers are becoming comfortable with the idea of shopping for and purchasing products with their mobile devices, which…