Category: Mobile Payments

Mobile commerce in Russia parallels that of Western Europe

The results of a PayPal study are suggesting that people are smartphone shopping trends are quite similar.

PayPal, the online payments giant, has released the results of a recent study on mobile commerce, which showed that the use of smartphones and tablets for shopping in Russia is almost popular as this trend in Europe.

The results of the study were put out in a PayPal press release which compared the mobile shopping trends.

According to the head of PayPal Russia, Vladimir Malyugin, “Russian internet users are no different from other consumers in the major e-commerce markets, and they are increasingly using [mobile devices] to purchase goods and make payments — it’s faster and more convenient.” The survey was conducted in conjunction with Ipsos, a market research service. It looked into the behaviors of 17,500 consumers throughout 22 different countries, in terms of their shopping behaviors. Among those respondents were 793 people who resided in Russia, as of October of last year.

The research found that mobile commerce was used by Russians for an average of 2.6 purchses per month.

Study for Mobile CommerceIn Western Europe, the average number of purchases per month was quite similar, at three. When it came to sales completed specifically by way of tablets, Western Europe was only just slightly ahead of Russia, at 2.4 sales per month, compared to 2.38 sales per month, respectively, said the report.

Furthermore, the users of mobile devices in Russia were willing to purchase a broader range of different types of product and service when using those gadgets. Among smartphone owners, 25 percent said that they would be willing to purchase something within a brick and mortar store through the use of their device. Another 22 percent said that they would be willing to make reservations, or that they would order a meal ahead of their arrival, through their smartphone.

As a part of the mobile commerce trend as a whole, using smartphones to complete payments transactions was also appealing to many Russians. In 2010, mobile payments represented only 1 percent of the full e-commerce market in the country, whereas last year, that figure had made it to 20 percent, said the report.

Mobile commerce is gaining momentum in Russia

Russia is becoming a major mobile commerce market

Russia may be emerging as a prominent mobile commerce market. According to PayPal, mobile shopping has become more popular in Russia, rivaling the popularity of mobile payments in many parts of Europe. PayPal Russia notes that consumers in the country are quite different than those in Europe as they are showing significantly more favor for mobile commerce. Convenience has something to do with this, as the company notes that many Internet users are shopping online because it is simply easier.

Russia may soon catch up with  Europe in terms of mobile commerce transactions and online shopping

According to PayPal Russia, consumers are using their smartphones and tablets to place an average of 2.6 online orders every month. The average number of orders placed in Europe every month is 3. Mobile payments volume in Russia is only slightly lower than that found in Europe. Notably, Russian consumers are somewhat more cavalier when it comes to mobile commerce. PayPal notes that Russian consumers are more willing to push the boundaries of what they can purchase with their smartphones and tablets.

More consumers want to be able to make mobile payments in physical stores

Mobile Commerce and RussiaApproximately 25% of Russian consumers have reported that they would like to be able to purchase products in physical stores using only their mobile devices. Another 22% said that they would like to be able to order food at restaurants before arriving and dining. This would cut down on the site people would have to wait at a restaurant before they were served their food. Placing a reservation through a mobile device would also cut down on wait times outside of restaurants.

Russia’s mobile sector is growing quickly

Russia is quickly emerging as a prominent mobile commerce market. Though the country is lagging behind others in terms of mobile payments volume and sales, more people are beginning to use mobile devices in their daily lives. The country’s e-commerce market reached $17 billion in 2013, and more consumers are demanding services that cater specifically to their mobile devices.