New application seeks to engage consumers and merchants
Spindle, a leading provider of white label payment solutions for financial service firms, has announced the launch of a new mobile application for merchants and consumers. The application is called MeNetwork360 and aims to combine location-based marketing with mobile payments. The marketing tools associated with the application are expected to be well received by merchants that are working to engage with mobile consumers. Location-based marketing campaigns tend to be more effective at capturing the attention of consumers with mobile devices than traditional marketing methods.
App could form a dynamic connection between consumers and merchants
The application is meant to represent a dynamic platform through which consumers and merchants can interact more effectively. For consumers, the application is designed to provide yet more convenience to mobile commerce, making it relatively easier for consumers to purchase products with their mobile devices and store digital information from retailers. For merchants, the application provides yet another avenue through which loyalty-based connection can be formed.
Mobile payments continue to gain popularity
Mobile payments have become quite popular with consumers and there is no shortage of mobile commerce applications currently available. The mobile commerce field is filled with companies, both old and new, fighting one another for the attention of consumers. This competition means that consumers have a great deal of options when it comes to mobile commerce services, but it also means that it can be difficult for a new platform to gain any amount of recognition from consumers.
Application likely to face strong competition
MeNetwork360 may have an edge over the competition in that it is not focused solely on consumers. By engaging merchants, the application may be able to gain significant momentum in the mobile commerce field, making it easier to gain exposure. The application is not the first of its kind to focus on both merchants and consumers, however, so competition is still likely to be fierce.
Denny |
November 13, 2013
Flipboard begins approaching the mobile commerce field
Flipboard, a social magazine application for iOS and Android devices, has been updated recently in the hopes of extending itself further into the mobile commerce space. Flipboard has taken an interest in mobile commerce due to the revenue potential that it represents. In March of this year, the application was updated with a feature that allowed users to create their own magazines. Now, the application has introduced a catalogs category to this service, which may help it break into the mobile commerce field.
New tools designed to generate commerce activity
The newly added catalog tool is designed to expand the application’s curation capabilities. Catalogs are meant to act as a way to display and seek out purchasable items. These products can be purchased through a mobile device and users can share the catalogs they find through the application. Flipboard has launched 11 product-oriented magazines in order to generate initial mobile commerce activity. It has also begun collaborating with celebrities in order to generate more awareness concerning it efforts.
Competition is fierce in the mobile commerce arena
Mobile commerce has become quite popular among consumers, but it does represent a very competitive field. Breaking into mobile commerce is no small feat due to the number of start-ups and large companies that are all trying to establish a strong foothold in this sector. Like other entities that are new to the mobile commerce field, Flipboard is taking a somewhat cautious approach rather than jumping headlong into the competition and risking failure.
Expansion of marketing tools may be a boon for brands
Flipboard will continue to generate revenue through its advertising model rather than imposing stringent fees on its catalog tool and mobile commerce initiative. Flipboard plans to expand its advertising in the near future and introduce better tools to marketers that will allow them to develop more targeted campaigns. Numerous brands have been using Flipboard as an advertising platform for some time and the expansion of the application’s marketing features may help these brands reach higher levels of mobile engagement.
