Tag: Bangalore

Twitter teams with Lookup to offer new mobile payments service in India

Companies are offering more options when it comes to making mobile payments in India

Twitter has partnered with Lookup, developers of an application of the same name that connects consumers with retailers, to bring new mobile payments services to India. The Indian market has proven to be quite prominent in the mobile payments space, largely due to rapidly growing smartphone penetration and the fact that consumers are beginning to use their devices to shop online. The new services will be available through Twitter, and shoppers can use the handle @lookuplite for a variety of purposes.

Twitter will serve as a platform to connect merchants directly with consumers through Lookup

Twitter users will be able to send a direct message to Lookup to receive information about products that they may be interested in. They will also be able to use Lookup’s new handle to make appointments with certain organizations and, in some cases, complete mobile transactions. The social media company will not be handling the transactions made through the new service, serving instead as a sort of middleman for these payments.

Lookup boasts of more than 1.2 million registered users

Mobile Payments - IndiaLookup has been growing in popularity because of its ability to connect merchants directly with consumers. The company boasts of 1.2 million registered users despite only operating in Mumbai, Delhi, and Bangalore. Through Lookup, consumers are able to find a wealth of information about products being offered by merchants. The service can even be used to set up a transaction, allowing consumers to purchase the products that they are interested in.

India continues to grow as a prominent mobile payments market

India has quickly established its as a prominent mobile payments market. Many consumers have begun using their mobile devices to shop online rather than visit physical stores. They see mobile shopping as more convenient, allowing them to bypass the traditional checkout process. Several organizations have begun coming to the country in order to find success with their mobile commerce endeavors, but competition has proven to be quite fierce in India. Companies like Lookup have managed to establish a strong foothold in India by providing unique services that appeal to mobile shoppers.

New mobile commerce incubator to be set up in India this year

Alibaba and Globals will be establishing an incubator to help mobile commerce and mobile Internet startups

China’s Alibaba will be establishing a startup incubator for mobile Internet and mobile commerce in Bangalore, India. The project will be set up in partnership with Globals, an Indian mobile and analytics solutions company. The two companies have taken note of the meteoric rise of digital commerce, a rapidly increasing number of consumers opting to use their mobile devices to shop for and purchase products online and in physical stores.

Alibaba continues to invest heavily in the mobile space in order to establish dominance in digital commerce

Alibaba has already invested quite heavily in both the electronic and mobile commerce sectors. The company is considered China’s largest online retailer organization and rivals both eBay and Amazon in the global market. Over the past few years, Alibaba has been focusing more of its attention on the mobile space, opting to support mobile projects and platforms that allow consumers to use their smartphones and tablets to shop online.

India is one of the world’s fastest growing mobile markets

Mobile Commerce in IndiaIndia is often characterized as one of the world’s fastest growing mobile commerce markets. The expansion of the mobile Internet throughout the country has made it possible for more consumers to participate in mobile commerce. As consumers becoming increasingly mobile, more startups are beginning to emerge that aim to provide valuable services to these consumers. In order for these startups to become successful, however, they must have the appropriate financial support and, in some cases, access to experienced consulting services.

New incubator will provide support for mobile commerce startups in India

The incubator that Alibaba and Globals will set up is expected to be launched in May or June of this year. The incubator will provide startups with mentoring and financial aid, pairing companies with the appropriate financiers and consulting services that they need. The incubator could be a boon for the numerous mobile commerce startups that are beginning to emerge in India, which could bolster the overall mobile market of the country