Wednesday, October 29, 2014

Mobile Commerce News Weekly – Week of October 26, 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.

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The fortunes of the mobile payment and biometric security boom are beginning to trickle down to the rest of the digital security industry, if Gemalto is any indication. Gemalto posted overall revenue growth of six percent, but revenue for online payment specifically is up 20 percent.  Read Original Content

Mobile commerce is booming. Forrester research estimated revenue from shopping on mobile devices would hit $114 billion in 2014. In comparison, Apple paid developers $10 billion and Google paid $5 billion over the last year, meaning mobile commerce is already over seven times the digital goods revenue of the mobile platform leaders!  Read Original Content

A new report from Transparency Market Research, states the global near field communication market, which valued US $1.068 billion in 2012, is expected to acquire net worth of US $20.01 billion by 2018, growing at a very health compound annual growth rate of 43.7 percent during the forecast period.  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:

You'll be able to use your new iPhone as a wallet starting Monday, October 20, Apple revealed. That's the launch date for Apple Pay, the mobile payment service Apple previewed last month.  Read Original Content

Oil and gas company Total is to begin accepting mobile payments through a partnership with card payment system operator BKM at its petrol stations across Turkey that will let Club Total members make a payment without having to leave their car.  Read Original Content
Startup Sign2Pay, launching at TechCrunch Disrupt Europe, is aiming to improve low conversion rates on mobile devices by simplifying and streamlining the payment process for debit card transactions. By, for instance, removing the need for bank issued hardware devices to authenticate the buyer’s identity via a one-time challenge code.  Read Original Content

Soft-Bank Corp is in advanced funding talks with Indian mobile commerce company Paytm and cab rental startup Olacabs, even as the Japanese firm is widely expected to announce a $650-million investment in ecommerce major Snapdeal during Chief Executive Masayoshi Son's visit to the country next week.  Read Original Content is now predicting that smartphone users will purchase 90 percent of its orders on its websites, as those mobile devices become more affordable and make it possible for a growing number of people to reach the Internet. This will bring millions of new customers exclusively to their website via mobile commerce.  Read Original Content

A report by The Verge today showed Wal-Mart, Best Buy, Rite Aid and CVS have moved to block Apple Pay by modifying their terminals to block NFC payments ahead of an alternative solution a group of retailers is working on called ‘CurrentC.’  Read Original Content

The stiffening rivalry among Square, Apple, PayPal and other payment-technology providers -- all betting on a future when digital wallets replace cash and credit cards -- reflects the rising stakes in a market that EMarketer Inc. estimates will be worth $118 billion by 2018, from $3.5 billion this year.  Read Original Content

Accoring to Adyen, Europe remains the leading region when it comes to adopting mobile payments.  Overall, mobile devices accounted for 23.3 percent of all online payments for the three months ending September 30, according to the report. That was up from 21.5 percent in the previous quarter ending in June.  Read Original Content

E-commerce site Etsy just launched its own mobile card reader to help its more than one million sellers better run their businesses offline. Etsy made this move to help its shop owners better integrate its online and offline business — the card reader and accompanying app will help them keep track of inventory and sales all in one place.  Read Original Content

Financial service companies are expected to invest about $110 billion in various mobile payment technologies by 2017, with mobile getting a very healthy percentage of those funds, projects Frost & Sullivan.  Read Original Content

Zapp, a mobile payments initiative backed by banks in the U.K., announced retail partnerships that will go into affect in 2015, according to a press release. Four of the most customer-focused and innovative retailers across a range of sectors lead the way in Asda, Sainsbury's, House of Fraser and Shop Direct, according to the announcement.  Read Original Content

Verizon Communications led a $9.4 million investment round in Flint Mobile, a mobile payments service that uses software to process transactions instead of hardware, giving the company a boost from a major carrier.  Read Original Content

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Kevin Benedict
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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.