Category: Mobile Payments

Tourism loves mobile technology, report

The industry is discovering that there are some serious benefits to implementing smartphone friendly strategies.

The World Tourism Organisation has reported that one of the primary socio-economic development drivers in Africa is the growing tourism industry, and mobile technology is playing an increasing role in the boom of international visitors to countries across that continent.

In 2000, there had been an estimated 26 million visitors to Africa, but by last year, that figure skyrocketed to 56 million.

FNB Business niches head, Wiza Nyondo, explained that “Tourism in Africa continues to prove its resilience despite numerous challenges across the continent. In South Africa, the sector faces challenges such as the lack of consistent power supply and restrained economic growth. However, a weaker Rand mitigates some of these factors as the country remains a cost-effective destination for international travelers.” Nyondo went on to express that mobile technology in tourism has created a “boom”, and that it is vital for the local sector to take hold of that information and use it to sustain the highly favorable growth rate.

Among the mobile technology offerings that were identified as beneficial were apps and payment systems.

mobile technology report - TourismHe explained that mobile tech developments have already shown themselves to be “differentiators for tourism industry players” because they give those various participants a means by which they can showcase their services and form a real-time connection with potential customers. Furthermore, the latest smartphone and tablet based tech makes it possible for clients to use mobile platforms for processing payments, which enhances the convenience for both tourists and the individuals and companies that are serving them.

Among the primary challenges being faced at the moment is in the speed of the rollout of new and useful technologies and in the expansion and improvement of the current infrastructure. The reason is that those components are large scale projects but they will be absolutely vital to the evolution of mobile marketing, m-commerce, and smartphone based banking and payments on the African continent.

Nyondo also pointed out that the continued success and contribution of mobile technology in tourism will require “a strong and highly competitive local banking sector”.

Survey highlights the growth of mobile commerce in the Asia Pacific region

Survey shows that mobile commerce is growing quickly in throughout the Asia Pacific region

MasterCard has released the results of its latest Online Shopping Survey 2014, which highlights the growth of digital commerce across 14 nations in the Asia Pacific region. Mobile commerce, in particular, has been quite popular in this region. More consumers are beginning to favor their mobile devices when shopping and the mobile Internet is expanding in many countries, making it easier for consumers to shop online. The Asia Pacific region is one of the fastest growing mobile commerce markets in the world.

China continues to be a leading mobile commerce market, with India following closely behind

According to the survey from MasterCard, China continues to lead n terms of mobile shoppers, with approximately 70% of the country’s mobile population using their devices to shop online. India may be the fastest growing mobile market, however, as smartphone penetration is accelerating throughout the country. Many Indian consumers are beginning to favor shopping from their mobile devices and they are taking advantage of new mobile commerce services that have been launching in the country.

Availability of mobile apps and services makes it easier for consumers to participate in mobile commerce

Mobile Commerce - Asia Pacific RegionThe survey shows that the growing availability of applications and services is making it easier for consumers to shop online from their mobile devices. These apps are quite popular, reaching the top of the list of items bought in the Asia Pacific region. Smartphones have also reached the top of this list, with more consumers opting to spend money on devices. These devices are being used for much more than basic communication and have become an integral part of people’s lives.

India may soon become the world’s leading mobile commerce market

India is expected to become a leading mobile commerce market in the coming years. The country already boasts of a powerful e-commerce market, which is becoming more mobile-centric as consumers begin to rely more heavily on their smartphones and tablets. A growing number of Indian retailers are investing more in the mobile space in order to connect with a new generation of consumers.