Tag: m-commerce

Mobile commerce report highlights trends among retailers

 

mobile commerce retail reportMobile commerce becoming more important for the retail industry

The mobile space is becoming increasingly important for the retail industry. A growing number of consumers are beginning to rely more heavily on their mobile devices in order to shop and make purchases. It can be very difficult for retailers to reach out to these consumers through traditional websites and platforms, however, hence the need for sites that are optimized for viewing on mobile devices. A new report from digital marketing firm Acquity Group shows that retailers are beginning to take mobile consumers and mobile commerce more seriously.

Report shows that mobile sites are common with retailers

According to the report, approximately 82% of the top retailers in the world have websites that are optimized for mobile viewing. These sites are ideal for mobile consumers who use a smart phone or tablet in their daily lives. The report also shows that 72% of these retailers also have mobile applications associated with their business. Many of these applications are simply used to make shopping more convenient for consumers and provide them with a way to find more information on particular products they may be interested in. Some of these applications geared toward mobile commerce, facilitating payments for goods via a mobile device.

E-commerce platforms may not be mobile-friendly

Most brands received praise in the report for their various e-commerce initiatives. E-commerce sites appear to be a major success across the board for most of the world’s largest retailers. These sites allow retailers to sell products online, as well as accept payments from consumers all over the world. While the report shows that many of the e-commerce platforms that retailers use are reaching consumers in an effective way, these platforms are much less accommodating to mobile consumers. Many e-commerce platforms are not optimized for mobile service, thus it can be difficult for mobile consumers to make in-store purchases or simply buy products using their mobile device.

Mobile commerce becoming more synonymous with e-commerce

Mobile commerce and e-commerce are quickly becoming a singular channel. In the past, the two had been markedly separate, especially due to the fact that mobile commerce is a relatively new concept. As more consumers become integrated with their mobile devices, retailers are beginning to face a need to become more accommodating of the needs and interests of these consumers.

Monetise works to expand mobile commerce division

 

mobile commerce Monetise ExpansionInvestments and acquisitions power Monetise mobile commerce push

United Kingdom-based mobile commerce firm Monetise has announced that it has raised more than $130 million in investments by offering more than 333 million ordinary shares to institutional investors. The firm has plans to use the funding it has raised to strengthen its mobile commerce business. Monetise has also announced that it will be taking over operation of Mobile Money Network, a mobile e-commerce service in the UK which was acquired for some $20 million.

Firm aims to take advantage of growth in mobile commerce and banking

Monetise is working to position itself to take advantage of the growing popularity of mobile commerce and banking. The global banking industry has been showing a great deal of interest in mobile commerce recently and has been investing heavily in the development of new platforms and applications that will address the needs of mobile consumers. Monetise believes that are many promising opportunities to expand its mobile commerce arm as interest from banks and other financial groups grows.

Funds to boost company’s mobile commerce business

Monetise plans to rapidly scale up its businesses in order to bolster its mobile commerce capabilities. The company will be relying heavily on the Mobile Money Network in order to reach out to businesses and consumers throughout the United Kingdom. The company has already established itself as a leader in mobile commerce in the UK market and Monetise is eager to further solidify its position as such in the coming years. The funds garnered through investments will help with this endeavor by enabling the company to develop new services and improve those that already exist.

Strong competition may be faced in the future

Mobile commerce is quickly becoming one of the most prominent industries in the world. More consumers are getting their hands on mobile devices, thus the demand for mobile commerce services is on the rise. Monetise, and companies like it, is working to address this demand and expects to see major gains in doing so. Though Monetise has established a strong position in the UK market, the company will face strong competition from larger companies if it decides to take on a more global position.