Wednesday, October 15, 2014

Mobile Commerce News Weekly – Week of October 12, 2014

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 Connected Globe News Weekly
Also read Field Mobility News Weekly
Also read Mobile Cyber Security News Weekly
Also read Mobile Health News Weekly
Also read Mobility News Weekly

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A new Monetate survey shows mobile devices are responsible for 16 percent of all ecommerce traffic but account for less than four percent of all ecommerce revenue. Apple’s devices do have better performance metrics than Android’s, typically 10 percent to 30 percent with some higher, but Google’s Android is a major player.  Read Original Content

A new Gartner study predicts mobile commerce revenue in the U.S. will account for 50 percent of all digital commerce revenue by 2017. It is expected this growth will powered by the growing attention mobile commerce is receiving and the increased capabilities of smartphones and tablets, as well as the applications they use.  Read Original Content

The Financial Times recently reported Twitter now allows users in France to tweet payments to others in their social network. News leaked out that Facebook will soon enable payments via the social network from debit cards.  Read Original Content

The cost and time to mobilize enterprise applications can actually meet or exceed the original cost and time to implement those systems. In their new report, “StarMobile Transforms Enterprise Apps into Mobile Apps”, 451 Research details the advantages of StarMobile’s app development tool and how it can drastically reduce the cost and time to mobilize enterprise applications. Download report here: http://starmobileinc.com/report-451research-starmobile-transforms-mobile-apps-into-enterprise-apps/

Apple is set to launch its mobile payments service, Apple Pay, on October 18 according to an internal Walgreens memo. Read Original Content

Online payment solution firm PayUMoney, run by PayU India Internet Pvt. Ltd, part of South Africa’s Naspers Group, has acquired Eashmart from Delhi-based Cobboc Pvt. Ltd to strengthen its presence in the electronic payment space.  Read Original Content

Customers of major retailers including Asda, Sainsbury's and House of Fraser will be able to ditch their wallets and use their mobile phones to pay at the checkout when a new payments service launches next year.  Read Original Content

EBay is officially spinning PayPal off as a separate company. And it comes at a crucial time, just as the budding mobile-payments industry getting interesting.  While PayPal has very done well for itself—payment volume grew 29 percent from a year earlier in the June quarter to $55 billion—things are about to get more competitive.  Read Original Content

A joint venture previously known as TSM NZ has rebranded themselves Semble and is ready to begin a mobile wallet pilot that included New Zealand banks such as ASB and BNZ, according to a press release. The partnership also includes 2degrees, Spark New Zealand, Vodafone and Paymark.  Read Original Content

Almost as soon as Apple announced its new pay-by-iPhone service, the online payments startup released its specs for supporting Apple Pay—a clear sign the world’s most valuable company had brought Stripe into its inner circle. Facebook’s new “Buy” button is powered by Stripe’s code. And so is Twitter’s.  Read Original Content

Online retailer Snapdeal is increasing focus on mobile commerce, where it will be doubling its engineering staff count to 700 as soon as it sees over 90 percent of business coming in through this platform over the next 3 years. Accordingly, the company has shifted half of its 350 engineers from PC to mobile commerce.  Read Original Content

Visa has launched its Token Service. The service is meant to drive innovation in the mobile commerce field while also introducing more security to digital payments. The service replaces valuable financial information with digital tokens, which have the ability to authenticate mobile transactions.  Read Original Content

According to comScore‘s Q2 2014 e-commerce and m-commerce stats, mcommerce grew 47 percent in Q2, “far outpacing the growth of discretionary retail (+3 percent) and desktop-based e-commerce (+10 percent).”  Read Original Content

Sionic Mobile, a supplier of automation technology to convenience retail and petroleum industries, announced the companies will integrate their solutions to launch a robust mobile loyalty and payments platform for fuel retailers, according to a press release.  Read Original Content

The Subway sandwich chain is teaming up with Softcard to offer customers a way to buy food via their mobile phones.  Subway said it will kick off NFC-based mobile payments starting October 1 using Softcard, a mobile payments venture set up by AT&T Mobility, T-Mobile USA, and Verizon Wireless.  Read Original Content

Dash Software LLC, a mobile payment platform for restaurants, recently announced their expansion to Chicago.  Customers use the Dash app to pay their bill, split checks, tip and more, using the credit card stored in the app. Customers inform their server when they arrive that they will be paying with Dash, which is integrated into the restaurant's POS.  Read Original Content

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Kevin Benedict
Writer, Speaker, Senior Analyst
Digital Transformation, EBA, Center for the Future of Work 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 digital transformation analyst, consultant and writer. I work with and have worked with many of the companies mentioned in my articles.