Mobile payments may be stuck in a stone age

Stone age mobile payments

Mobile commerce is struggling with an inefficient monetization process Mobile commerce is not as successful as it could be and that is because of an inefficient monetization process, according to mobile payments firm Klarna’s Sebastian Siemiatkowski. The firm suggests that digital commerce is in  type of “Middle Ages,” while mobile commerce is in a “Stone Age.” While e-commerce has managed to flourish over the past several years, mobile commerce has struggled to find a foothold throughout the world. While the mobile space has seen a significant degree of success, it…

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Mobile Security is in Need of Some Attention

mobile commerce security

Security in a new age of technology Mobile security is something that shouldn’t be taken lightly. The world is becoming increasingly reliant on mobile technology and this has made the mobile space a target for malicious groups that have exploitation in mind. These groups are targeting mobile sectors that have yet to begin taking security seriously, and this means that mobile commerce has become a digital battlefield. Mobile commerce is an attractive target because it is awash with financial information that is, more often than not, left unguarded. In 2013,…

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Mobile payments using NFC technology will reach 300 million users in 3 years

NFC Technology Mobile Payments Infrastructure

This data is according to a recent report that has been issued by Juniper Research regarding near field communication transactions. The new Juniper Research report has suggested that the number of smartphone users that will be making mobile payments through the use of NFC technology, worldwide, will have broken the 300 million mark by the close of 2017. This will represent considerable growth for the transactions as a whole, as well as for this specific contactless tech. To put this figure into perspective, last year, it was estimated that there…

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Apple is becoming more aggressive with mobile payments

Apple iphone mobile payments

E-commerce is playing a major role in Apple’s business E-commerce may be becoming one of Apple’s most important priorities. The company has, for years now, been involved in the digital and mobile spaces thanks to its iTunes platform. During Apple’s second quarter earnings call this year, CEO Tim Cook noted that the iTunes platform is the company’s second-fastest growing business currently, just behind the company’s hardware interests. E-commerce currently represents one of the company’s most profitable business segments as well, and this is one of the reasons why Apple has…

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New Zealand to introduce new standards for mobile payments

new zealand mobile commerce

New standards have been introduced by Payments New Zealand Payments New Zealand, a national payments organization, has launched a new set of standards that are meant to provide more stability to the country’s mobile commerce field. The standards, known as the Mobile Device Rules and Standards, are meant to provide both consumers and businesses with the protection they need to adequately operate in the mobile commerce field. Mobile commerce is becoming more popular among New Zealand consumers, but many of the platforms that are available to these people operate under…

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