Tag: retail mobile commerce

Mozido acquires major stake in promising mobile commerce firm

| December 23, 2014

Mozido now holds majority stake in CorFire

Mozido, a mobile commerce firm that has been gaining more fame in recent months, has taken up a significant stake in CorFire, another mobile commerce firm that specializes in point-of-sale systems. The agreement between the two companies will change Mozido’s name to Mozido CorFire Inc. Financial details of the deal have not yet been released to the public, but some speculation suggests that Mozido has invested hundreds of millions of dollars into CorFire.

CorFire had been owned by SK C&C, which now has a minority stake in the mobile payments firm

CorFire had originally been wholly owned by SK C&C, the IT service division of SK Group. The company had existed as one of South Korea’s major investments in to the mobile technology space of the United States. SK C&C will continue to hold a minority stake in CorFire, though Mozido will hold a greater sway over the company’s operations and its potential future.

Mobile commerce continues to flourish in many prominent markets throughout the world

Mobile Commere - AcquisitionMobile commerce has become quite popular throughout the world. Many consumers are using their smartphones and tablets to purchase products online, but there is still relatively little support for in-store mobile payments. As consumers become more mobile-centric, the demand for in-store payment systems that accept mobile transactions is growing rapidly. Companies like CorFire aim to accommodate this demand by providing retailers with the technology they need to engage mobile consumers. Mozido is well situated to assist in this endeavor.

Mozido helps retailers embrace the mobile space with its agnostic technology and services

One of Mozido’s major victories in the past is convincing traditional retailers to begin implementing mobile commerce services. The company has helped the retail industry become more mobile friendly, and it has managed to avoid some of the challenges associated with competition by being agnostic regarding payment platforms. Mozido supports mobile payments made from any platform, allowing its clients to embrace their favored payment method without having to worry about whether or not it is supported by the company’s technology.

Retail sector finds success in mobile commerce

| December 3, 2014

Retailers are reporting promising results from the holiday shopping weekend

The most significant retail holiday in the United States, Black Friday, has come and gone and many retailers saw a spike in total sales thanks to mobile commerce. Wal-Mart reported that it experienced the best three-day online shopping period it has seen in recent history and the company’s experience is being echoed by others that have adopted a focus on the digital space. According to a report from comScore, e-commerce sales throughout the United States surpassed $1 billion for the first time.

Total retail sales are lower this year than they were in 2013

While more people are shopping online, especially from their mobile devices, the retail sector has encountered some turbulence this year. Total retail sales for the holiday shopping weekend were down this year when compared to the results of 2013, according to the National Retail Federation. Many consumers opted to avoid physical stores in favor of mobile and e-commerce, while others opted to avoid holiday shopping altogether. The exact reasons behind lower retail sales this year and not entirely clear.

E-commerce is thriving among consumers interested in convenient shopping solutions

Mobile commerce reatil sector - WalmartThe report from comScore notes that consumers are shopping more from their personal computers and mobile devices. The report shows that shopping from a PC increased by 32% on Thanksgiving Day and 26% on Black Friday. Throughout November, purchases made from desktop computers rose by 15%. The report suggests that mobile commerce accounted for approximately 2% of all digital sales made during the holiday shopping weekend.

Mobile commerce has helped some retailers find success

The report also shows that e-commerce spending reached $1.009 billion this year, higher than the $766 million reported last year. Shopping online has become quite popular among consumers because of the convenience that it offers. When shopping at home from a computer, consumers can avoid the chaotic crowds that flock to retail stores on Black Friday. This convenience can also be found through mobile commerce, which allows people to purchase the products they are interested in at any time, no matter where they may be.