Tag: latin america mobile payments

Latin America to receive new options in terms of mobile payments

Clip, a mobile payments company, has announced that it has successfully raised some $1.5 million in funding recently. The funding will be used to bring the company’s mobile payments services to Spanish-speaking parts of the world. Clip suggests that mobile point-of-sale systems are relatively uncommon in these parts of the world, effectively prohibiting numerous consumers from participating in mobile payments in any significant fashion. Clip expects that in offering its services to Spanish-speaking consumers will encourage these people to embrace mobile commerce.

Clip backed by powerful and useful experience in commerce

Clip itself is a relatively new startup, but the company is backed by talent personnel that have extensive experience in mobile commerce. The company was founded by Adolfo Babaya, whom had worked as PayPal’s Customer Engagement Latin America department in the past. Backed by this experience, Babaya is well equipped to enable Clip to engage a wide assortment of Spanish-speaking consumers throughout Latin America.

Mobile commerce has yet to establish foothold in Latin America

Latin America is a relatively unpopular market when it comes to the matter of mobile commerce. This is somewhat unfortunate given the high penetration of mobile technology throughout the region. Consumers in several countries in this region have shown their interest in shopping online, making use of the various e-commerce platforms that are available to them. Mobile commerce has yet to take hold in any significant fashion, but this is not just due to the lack of mobile payments services. Banks and other financial services firms throughout Latin America have expressed security concerns regarding mobile commerce as a whole.

Consumers expected to embrace mobile payments from Clip

With Clip introducing new mobile payments opportunities to consumers, mobile commerce may be able to establish a stronger foothold in a very economically active region of the world. Consumers are likely to respond well to the introduction of Clip’s services. Retailers are expected to benefit from the company’s services as well, as there are currently very few mobile point-of-sale solutions available to retailers in this part of the world.

Opera sets sights on expanding into mobile commerce

Opera Software, a Norwegian software company, has announced its partnership with Naranya, Latin America’s leading mobile marketing and commerce company. Together, the two companies are looking to bring mobile commerce to Latin America through the Opera Mini mobile browser. This effort is encompassed in the Opera Payment Exchange, which is a mobile commerce platform that is available to the 191 million users of the Opera Mini application. Opera users will now be able to purchase goods and services through Naranya and its billing connections in 7 countries around the world.

Opera has a large audience to tap into

Opera is one of the world’s leading Internet browsers, on both mobile and static platforms. Opera Mobile has become one of Opera Software’s flagship platforms, with more than 270 million users worldwide. The Opera Mini application is based on this platform and has become a popular tool for those that like to browse the Internet from their smart phones and tablets. Many of these consumers have begun looking into mobile commerce, and Opera Software has been quick to respond to this interest.

Naranya boasts of well established presence in mobile commerce

Naranya boasts of more than 500 million users linked into its Monetization Platform. This platform has been used by numerous game developers, social networks, online media groups, and digital companies to monetize their goods to mobile consumers. The platform has become quite popular in Latin America, where advances in mobile technology are raising the demand for mobile commerce. By teaming with Opera, Naranya aims to further expand its mobile commerce platform into new markets.

Mobile commerce growth slightly delayed due to concerns over security

Mobile consumers are becoming enthralled with the concept of mobile commerce, but many are still wary due to concerns regarding security. Mobile commerce applications have, in the past, been hacked with relative ease, putting a consumer’s financial information at risk of theft and exploitation. Naranya has extensive experience in mobile commerce and has stringent security measures in place to mitigate the risks involved with mobile commerce. These security measures appear to have been enough to win the favor of Opera Software.