Tag: paypal mobile payments

PayPal seeks to expand mobile commerce in Hong Kong

| February 28, 2013

Hong Kong PayPal mobile commerceMobile commerce growing in the East

PayPal has been making a strong push into the mobile commerce arena recently. The company has long been involved in the world of online payments, but the proliferation of mobile technology has opened up new forms of commerce that PayPal is eager to take advantage of. The company has announced plans to begin expanding its reach across the global mobile commerce market and has set its sights to the East, showing a strong interest in Hong Kong.

Hong Kong sees major activity in mobile commerce sector

Hong Kong is one of the largest economic hubs in the Asian market. Companies with a strong focus on the online world have seen major progress in Hong Kong over the years and companies native to the region have seen aggressive growth in the Philippines, Argentina, South Korea, Sweden, and Russia. PayPal’s Hong Kong division notes that more consumers are relying on their mobile devices to make payments and research products, giving the company an ample opportunity to provide services to these consumers and the businesses of the region.

PayPal expected to increase activity in Hong Kong

Kerry Wong, managing director for PayPal’s operations in Hong Kong, claims that businesses in the region that use the company’s services experienced more growth than their competitors. These companies grew more than the industry average throughout the last 12 months, and many of these businesses have helped increase the regions exports by 2% thanks to the borderless nature of online trading and sales. PayPal expects that companies using its services will continue to see remarkable growth as they begin to embrace mobile commerce more aggressively.

Estimated $20 billion in mobile payments to be processed in 2013

PayPal has high expectations when it comes to online payments in 2013. The company, which boasts of more than 123 million active users worldwide, estimates that it will process over $20 billion in mobile payments globally this year. This is higher than the $14 billion in mobile payments the company processed in 2012.

Getonic embraces mobile commerce with new funding

| February 16, 2013

Mobile Commerce Getonic FundingFunding will help company expand interests in mobile commerce

Getonic, an Israeli startup that develops solutions for small businesses that are interested in selling products through social networks, has announced the completion of its latest round of funding. The company has received $1.3 million in total funding, which it plans to use to expand business globally. Because of the growing interest surrounding mobile marketing and mobile commerce, Getonic expects to see very promising results in 2013 as more businesses seek to engage consumers through social media.g

Social media plays a big role in the evolution of commerce

There are a wide variety of startups that are trying to help companies engage mobile consumers. Many of these companies adopt a very specific focus on mobile commerce services, enabling businesses to facilitate mobile payments in an efficient and comprehensive manner. There are few platforms that take social media into account, despite how important sites like Facebook and Twitter are to consumers today. Getonic has not had a singular focus on the mobile space, but the funding it has received will help it expand its mobile business more aggressively.

Getonic adopts stronger stance on mobile

Getonic offers companies a way to monetize their business through social channels. The company’s social shops, as they are called, act as small virtual stores that sell individual products to consumers on social networking sites. As Getonic begins to focus more on the mobile space, these social stores will become more accommodating of mobile commerce, allowing consumers to make purchases using nothing more than their smart phones or tablets.

Company looks to expand beyond Facebook

Getonic is able to process payments through its use of PayPal. PayPal itself offers mobile commerce services to businesses, allowing them to accept transactions from a mobile device. Since 2010, Getonic has had a strong focus on Facebook, but the company is beginning to expand its focus to other social networks, such as Twitter. Whether such networks will be conducive of mobile commerce has yet to be seen.