Wednesday, May 29, 2013

Mobile Commerce News Weekly – Week of May 26, 2013

The Mobile Commerce News Weekly is an online newsletter made up of the most interesting news, articles and links related to mobile commerce and marketing, mobile payments, mobile money, e-wallets, mobile banking, mobile ads and mobile security that I run across each week.  I am specifically targeting market size and market trend information.

Also read Enterprise Mobility Asia News Weekly
Also read Field Mobility News Weekly
Also read Kevin Benedict’s What’s New in HTML5
Also read M2M News Weekly
Also read Mobile Health News Weekly
Also read Mobility News Weekly
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In a recent report, Javelin Strategy and Research predicts mobile payments and prepaid cards will beat out cash and checks in popularity among U.S. consumers by 2018. Mobile payments are expected to see the fastest growth over the next five years jumping from $398 million in 2012 to $5.4 billion by 2018. Read Original Content

PayPal has announced it is offering free mobile card processing through its Cash for Registers program for the rest of the year. In order to sign up for the free service, PayPal is requiring companies turn in their old point-of-sale system in favor of PayPal's Here, or any other POS offering that integrates PayPal's technology. Read Original Content

Square has announced it is now processing $15 billion in transactions on an annualized basis, or $41 million in payment volume per day. These figures do not include Square’s partnership with Starbucks.  Read Original Content

ClickSoftware is an SAP mobility partner and the leading provider of automated workforce management and optimization solutions for every size of service business.  This newsletter is sponsored in part by ClickSoftware.

A new report from BI Intelligence sheds some light on why mobile coupons are contributing to the growth of mobile commerce. The report suggests these coupons are helping drive traffic to online stores and physical stores alike. Read Original Content

According to ComScore, the total amount spent over mobile commerce in the retail sector increased by $5.9 billion during the first quarter of 2013. It also said mobile commerce made up 11 percent of online retail shopping. Read Original Content
In 2012 the m-commerce market in China was worth $7.8 billion, but this year it is expected that it will be worth considerably more as the first quarter alone brought in $4.29 billion. Read Original Content

The majority of U.S. smartphone owners use mobile commerce apps, and spend a lot of time every month shopping via those apps, finds a new study from Arbitron Mobile, a subsidiary of Arbitron Inc. that uses an on-device software meter and panels of smartphone owners to measure mobile usage. Read Original Content

Mobile payment platform Square has announced it is now publicly available in Japan, its first country outside of North America. The iPhone is very popular in Japan, making it a potentially strong crossover market for Square, which first launched on iOS before also becoming available on Android. Read Original Content

Dunkin' Donuts is making its mobile payment app more accessible by letting users view content in Spanish. The company said it is the first national coffee retailer to make information, features and special offers within its mobile app available in both Spanish and English. Read Original Content

According to Forrester, U.S. online retail sales grew 12.6 percent in 2010 to reach $176.2 billion. With an expected 10 percent compound annual growth rate from 2010 to 2015, eCommerce in the U.S. is expected to reach $278.9 billion in 2015. Read Original Content

Mobile payments have been picking up steam in Brazil. The Brazilian government has been taking steps toward making mobile payments more commonplace and has been introducing measures that may help regulate the mobile commerce field. Read Original Content

According to a new Markets and Markets report, the market for Mobile Money are expected to grow from $13.8 billion in 2013 to $278.9 billion by 2018, at an estimated annual rate of 82.4 percent over the same period. Read Original Content

By 2020 half of all Visa’s transactions will be via mobile devices, according to senior VP of new product development for Europe, Caroline Hawkett. Read Original Content

Discussing Starbucks earnings for Q2 2013 last week, company CEO Howard Schultz told analysts the company's mobile payment application now has more than 10 million active users. The company is approaching four million payment transactions per week, Schultz said. That's about 10 percent of total U.S. tender. Read Original Content

According to a study from Yodlee Interactive, mobile banking may keep loyalty high while physical branches continue their decline. Seventy-one percent of mobile bankers are either satisfied or very satisfied with their bank’s mobile and web offerings. Read Original Content

South Korea ended the first quarter with 41.1 million registered mobile banking users across nineteen banks. The number is up 10.9 percent from the end of 2012, the JoongAng Daily reports citing figures from the Bank of Korea. Read Original Content

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Kevin Benedict, Head Analyst for Social, Mobile, Analytics and Cloud (SMAC) Cognizant
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Full Disclosure: These are my personal opinions. No company is silly enough to claim them. I am a mobility and SMAC analyst, consultant and writer. I work with and have worked with many of the companies mentioned in my articles.