Mobile commerce

Mobile Commerce Sales Expected to Double To $700+ Billion By 2025

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Thursday, January 13, 2022

PALM BEACH, Fla., Jan. 13, 2022 /PRNewswire/ -- Mobile commerce, or m-commerce, is a subset of e-commerce that refers to the use of wireless handheld devices for conducting commercial transactions online. It comprises mobile banking, in-app purchases & virtual marketplace apps. It utilizes wireless devices, like cellphones, smartphones, smartwatches, and tablets, to authorize, initiate, and confirm the exchange of money. This is facilitated by the availability of point-of-sale (POS) terminals that process transactions using nearfield communications or the internet. The increasing usage of wireless handheld devices that offer enhanced security, convenience and easy access to the internet has encouraged tech-savvy consumers to make mobile-based payments through digital wallets and online payment gateways. These methods enable buyers to make contactless payments, thereby eliminating card swiping and manual entry, which helps in reducing human error and facilitating a smoother checkout experience. This trend has further been facilitated by the introduction of multiple safety features in mobile and wearable devices, including biometrics authentication such as fingerprint and facial recognition, which have made mobile payments more secure. Moreover, many service providers are collaborating with mobile operators to offer advanced payment solutions. Along with this, governments of various countries are undertaking initiatives to promote digital payment methods, which is providing a positive impact on market growth. Furthermore, the rising trend of bring-your-own-device (BYOD) and growing broadband connectivity are among the other factors stimulating the growth of the industry. Active Companies in the markets today include OOOOO Entertainment Commerce Limited (OTCQB: OOOOF) (TSX-V: OOOO), Jowell Global Ltd. (NASDAQ: JWEL), Alibaba Group Holding Limited (NYSE: BABA), eBay Inc. (NASDAQ: EBAY), ContextLogic Inc. (NASDAQ: WISH).

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Moreover, many service providers are collaborating with mobile operators to offer advanced payment solutions.
A report from eMarketer in Morning Brew projected that Mobile commerce sales will double to $700+ billion by 2025, while another report from Mordor Intelligence said that the mobile commerce market is expected to register a CAGR of 27% by 2021-2026.
However, there are certain challenges in terms of dependency on internet networks, monetization of the user base, and fierce competition.
By far, its network covers 95 members across 28 provinces and municipalities in China, reaching total RMB90 billion annual sales by its members.

Armada Acquisition Corp. I to acquire Rezolve Mobile Engagement Platform in $2bn deal

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Friday, December 17, 2021

PHILADELPHIA, Pa. and LONDON, Dec. 17, 2021 (GLOBE NEWSWIRE) -- Rezolve, a leader in mobile commerce and engagement, announced today that it has entered into a definitive business combination agreement with Armada Acquisition Corp. I (NASDAQ: AACI) (“Armada”), a publicly traded special purpose acquisition company. Upon closing of the transaction, the combined company’s shares are expected to trade on the NASDAQ under the ticker symbol “ZONE”.

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Rezolve is positioned to become the engine of mobile engagement that enables the transformation of interactions between consumers and merchants on mobile devices.
Rezolve is an enterprise SaaS platform designed from the ground up specifically for mobile commerce and engagement.
Rezolve is taking retailing into a new era of customer engagement with a proprietary mobile engagement platform.
The Rezolve Inside SDK allows mobile application vendors to quickly deliver innovation for their consumers into existing or new mobile apps.

Metro One's wholly owned subsidiary signs partnership with Country Wine & Spirits, its first U.S.-based mobile commerce platform client

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Tuesday, November 30, 2021

Metro One Telecommunications, CEO, Software as a service, AI, Partnership, WooCommerce, Habit, LQR, Machine learning, Pleasure, Wine, Metro1 News, Telecommunication, United States Secretary of Commerce, Magento, Metro, Mobile commerce, CWS, Online shopping

SHERIDAN, Wyo., Nov. 30, 2021 /PRNewswire/ --Metro One Telecommunications Inc. (OTCMarkets: WOWI) ("Metro One") today announced that its wholly owned Israeli subsidiary, Stratford Ltd ("Shelfy" or "Shelfy.io") added Country Wine & Spirits ("CWS"), San Diego's leading wine and spirits purveyor, as its newest client.

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SHERIDAN, Wyo., Nov. 30, 2021 /PRNewswire/ --Metro One Telecommunications Inc. (OTCMarkets: WOWI) ("Metro One") today announced that its wholly owned Israeli subsidiary, Stratford Ltd ("Shelfy" or "Shelfy.io") added Country Wine & Spirits ("CWS"), San Diego's leading wine and spirits purveyor, as its newest client.
Utilizing a combination of mobile technology, AI and machine learning, the platform enablesretailers to easily build and customize their own mobile app through a drag-and-drop interface.
Bianca Meger, CEO of Metro One said: "We are very excited to onboard CWS as our very first U.S.-based customer.
Country Wine & Spirits provides fine wines, a variety of liquor/spirits, craft and imported beers, premium imported cigars, and exotic tobacco accessories.

imo Ads Highlights 5 Mobile Marketing Trends for 2022 Ahead of Brainscape 2021

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Monday, November 29, 2021

imo Ads leverages its premium resources to provide highly targeted and customized marketing solutions to help brands achieve stronger exposure, and reach users more effectively.

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imo Ads leverages its premium resources to provide highly targeted and customized marketing solutions to help brands achieve stronger exposure, and reach users more effectively.
With significant data resources and powerful algorithm capabilities, imo Ads could assist brands in maximizing their own potential and ROI through precise reach and efficient conversion.
In fact, many marketing experts believe that mobile commerce will play a pivotal role in marketing in 2022.
The 11th edition of BrainScape is set to take place on 29 November 2022 at La Perle, Al Habtoor City, Dubai, UAE.

NFC Market Size To Reach USD 54,521 Million By 2028 Registering A Cagr Of 14.8% - Valuates Reports

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Friday, November 19, 2021

The increasing trend of mobile commerce and the growing usage of wearable technology are two important reasons driving the growth of the NFC market.

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The increasing trend of mobile commerce and the growing usage of wearable technology are two important reasons driving the growth of the NFC market.
Furthermore, due to the COVID-19 epidemic, there is an increase in demand for contactless payments, which in turn is expected to propel the NFC market to grow.
The rapid use of NFC-enabled wearable technology, as well as recent technological developments in NFC, the present lucrative growth potential for the near-field communication market.
The expansion of the NFC market is projected to be fueled by the growing trend of mobile commerce.

NFC Market Size To Reach USD 54,521 Million By 2028 Registering A Cagr Of 14.8% - Valuates Reports

Retrieved on:

Friday, November 19, 2021

The increasing trend of mobile commerce and the growing usage of wearable technology are two important reasons driving the growth of the NFC market.

Key Points:

The increasing trend of mobile commerce and the growing usage of wearable technology are two important reasons driving the growth of the NFC market.
Furthermore, due to the COVID-19 epidemic, there is an increase in demand for contactless payments, which in turn is expected to propel the NFC market to grow.
The rapid use of NFC-enabled wearable technology, as well as recent technological developments in NFC, the present lucrative growth potential for the near-field communication market.
The expansion of the NFC market is projected to be fueled by the growing trend of mobile commerce.

Adjust E-commerce App Report Sees Significant In-App Revenue Growth, Signaling Shift to Mobile Holiday Shopping

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Thursday, November 18, 2021

AppLovin, Automation, CEO, Time, Industry, Customer, Payment, Holiday, Human, SAN, Solution, App, Advertising, ATT, CA, Mobile commerce, Growth, APAC, Ridesharing company, Online shopping

SAN FRANCISCO, Nov. 18, 2021 /PRNewswire/ -- Just ahead of what's widely predicted to be the most mobile holiday shopping season on record, mobile marketing analytics platform Adjust today released E-commerce App Report 2021: Top Trends in Mobile Shopping With Insights From Sensor Tower .

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SAN FRANCISCO, Nov. 18, 2021 /PRNewswire/ -- Just ahead of what's widely predicted to be the most mobile holiday shopping season on record, mobile marketing analytics platform Adjust today released E-commerce App Report 2021: Top Trends in Mobile Shopping With Insights From Sensor Tower .
The global report finds that in-app revenue has increased significantly in 2021,with May being the biggest month so far.
Mobile has emerged as the leader in e-commerce in 2021, with time spent in-app and in-app revenue increasing steadily.
"Mobile has emerged as the leader in e-commerce," said Paul H. Mller, co-founder and CEO of Adjust.

Global Social Commerce Market Report 2021: U.S. Market is Estimated at $51.2 Billion in 2021, While China is Forecast to Reach $1.5 Trillion by 2026

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Tuesday, November 9, 2021

The global market for Social Commerce estimated at US$559.7 Billion in the year 2020, is projected to reach a revised size of US$2.9 Trillion by 2026, growing at a CAGR of 30.8% over the analysis period.

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The global market for Social Commerce estimated at US$559.7 Billion in the year 2020, is projected to reach a revised size of US$2.9 Trillion by 2026, growing at a CAGR of 30.8% over the analysis period.
This segment currently accounts for a 32.6% share of the global Social Commerce market.
The fast changing consumer mobile usage habits continue to foster growth in the electronic commerce, mobile commerce and social commerce markets.
The U.S. Market is Estimated at $51.2 Billion in 2021, While China is Forecast to Reach $1.5 Trillion by 2026
The Social Commerce market in the U.S. is estimated at US$51.2 Billion in the year 2021.

Global Social Commerce Market Report 2021: Market to Reach $2.9 Trillion by 2026 - Augmented Reality & Virtual Reality Emerge to Revolutionize Social Commerce - ResearchAndMarkets.com

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Monday, November 8, 2021

The "Social Commerce - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Key Points:

The "Social Commerce - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
The global market for Social Commerce estimated at US$559.7 Billion in the year 2020, is projected to reach a revised size of US$2.9 Trillion by 2026, growing at a CAGR of 30.8% over the analysis period.
This segment currently accounts for a 32.6% share of the global Social Commerce market.
The fast changing consumer mobile usage habits continue to foster growth in the electronic commerce, mobile commerce and social commerce markets.

Next generation shopping: Klarna reveals the only shopping app consumers need

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Wednesday, November 3, 2021

NEW, Mobile commerce, Time, CEO, Friction, IOS, Solution, Android, Online shopping

NEW YORK, Nov. 3, 2021 /PRNewswire/ -- Klarna, the leading global payments provider and shopping platform has today revealed its new all in one shopping app across Klarna markets. As the app economy grows, today consumers face an increasingly cluttered and confusing landscape of e-commerce apps - this is frustrating and time-wasting for the consumer. Klarna solves this by launching the only app consumers need. Today consumers can shop at all online stores through the app, explore exclusive deals and personalised shopping collections, save items and unlock price drop notifications, view items' delivery tracking, manage payments and returns, and more. With Klarna's interest-free shopping feature consumers can now use Klarna's payment methods at all online shops, regardless of whether they are directly partnered with Klarna or not. The new Klarna app will fundamentally change the end to end shopping experience, placing consumers firmly in control with an app that meets their real needs.

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Klarna solves this by launching the only app consumers need.
With Klarna's interest-free shoppingfeature consumers can now use Klarna's payment methods at all online shops, regardless of whether they are directly partnered with Klarna or not.
The new Klarna app will fundamentally change the end to end shopping experience, placing consumers firmly in control with an app that meets their real needs.
The new Klarna shopping app answers this call, giving consumers everything they need right at their fingertips - eliminating the need to switch between several apps.