Wednesday, March 11, 2015

Kevin Benedict's Mobile Commerce News Weekly – Week of March 8, 2015

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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Mobile commerce will eclipse desktop by 2016, according to a joint study between Paypal and Ipsos. Between 2013 and 2016, the compound annual growth rate for m-commerce is projected to be 42 percent, versus only 13 percent for e-commerce.  Read Original Content

A Boston Consulting Group report shows South Korea’s mobile Internet economy reached $28 billion in terms of revenue in 2013. This accounts for two percent of the country’s gross domestic product.  Read Original Content

The UK’s shoppers are set to spend £14.95 billion via mobile devices in 2015, an increase of 77.8 percent on £8.41 billion in 2014, while PC spending will grow by just two percent, finds international research conducted by RetailMeNot.  Read Original Content

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According to IMRG and Capgemini’s fourth-quarter report, 25 percent of m-commerce sales were completed through smartphones, compared with 75 percent through tablets over the past three months. That is a five percentage point rise from the same period a year earlier.  Read Original Content

According to the MasterCard Online Shopping Survey 2014, the online purchases made via mobile phones in India have increased by over 100 percent in the past two years. This signifies a steep upward trend in eCommerce accelerated by expediency.  Read Original Content

One year after Target suffered a major data breach, the retailer is experiencing a surge in mobile commerce. The retailer has posted its fourth quarter results from 2014, showing that the quarter exceeded the company’s expectations by a significant margin.  Read Original Content

Harper Reed and Dylan Richard, technology experts that have produced several innovative platforms, have launched a new company called Modest. The new venture aims to revolutionize mobile commerce, using new software and technology that could make this sector more robust.  Read Original Content

Google’s recent acquisition of Softcard, a mobile payments platform formerly known as Isis, could spell the end for the payments service. Softcard has announced that it will be shutting down its applications for the Android and Windows Phone operating systems.  Read Original Content

Neiman Marcus, the luxury retailer, has now joined forces with Capital One in order to create its own mobile wallet so its credit card customers will be able to use an app on their smartphones in order to pay for purchases while in store.  Read Original Content

According to the Robert Baird analyst group, Apple Pay now accounts for two-thirds of the mobile payments market in the United States. Whole Foods, one of Apple Pay’s launch partners, has reported that the mobile payments it has received have grown by more than 400 percent.  Read Original Content

ABI Research has now released a report that looks quite promising for companies that have been considering the use of location based marketing, as they have said that geolocation sensor fusion remains “very much a rarity on smartphones,” but that this will be changing in the near future.  Read Original Content

Mobile commerce transactions accounted for only 14 percent of the total transaction volume, but for 21 percent of the fraudulent transactions in 2014, according to a new report, 2014 LexisNexis True Cost of Fraud mCommerce from LexisNexis Risk Solutions and Javelin Strategy & Research.  Read Original Content

Per Israeli newspaper The Globes, e-commerce service provider eBay Inc.’s existing payment platform, PayPal is set to purchase CyActive, a cyber-security company for $60 million. The deal, on which both the parties declined to comment, is expected to close shortly.  Read Original Content

Vodafone M-Pesa – the mobile money transfer and payment service that has transformed the lives of millions of people in emerging markets – has launched its first international money transfer corridor between Tanzania and Kenya.  Read Original Content

Apple’s mobile payment system Apple Pay is now accepted in 700,000 U.S. locations, including 50,000 Coke vending machines, CEO Tim Cook announced at the company’s product event today in San Francisco.  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.