Tag: mobile apps

Tumblr takes a step into the mobile commerce space

Tumblr brings a new feature to its mobile app that may be welcomed by its users

Prominent social media network Tumblr is introducing a new feature into its mobile app. The company has been showing some interest in mobile commerce in recent months, but has not yet made an official entry into this sector. The new feature for the mobile app may change that, to some extent, as it will allow mobile users the ability to purchase products from affiliated organizations.

New feature will allow users to shop for products online by clicking buttons supported by retail sites

The Tumblr app will now support Buy, Pledge, and Get Involved buttons, which will be shown when a user links to certain sites, such as Etsy and Artsy. These buttons provide users with a way to look at products offered on these sites and, if interested, purchase these products. The buttons are also used to link to sites like Kickstarter, which offer a chance to fund projects that consumers may find interesting. These projects can range from game development and comics to clean energy.

New feature is only available for Tumblr’s mobile application

Tumblr and Mobile CommerceCurrently, Tumblr’s new buttons are only available for its mobile application. The company has been testing the buttons since December of last year and claims to have seen a significant amount of interest from app users. The company has not yet announced plans to expand the buttons to its web users, but that could change in the coming months, depending on the success of the latest testing phase. Tumblr has not confirmed which companies it has partnered with for the new initiative.

Social media companies are becoming more involved in the mobile commerce space

Mobile commerce has become a powerful force in the social media space. Several companies are taking steps to make it possible for their users to shop for and purchase products on their social media platforms. This has lead to the rise of social commerce, and social media companies are beginning to play a larger role in the retail space than they already did.

Customers at Bank of America most willing to pay for mobile banking

According to a new study, 33 percent of the people with accounts with that institution are willing to pay a fee.

The results of a study conducted by research company SNL Financial have now been released and they have shown that it is the customers of the Bank of America that are most willing to pay an additional monthly fee in order to have access to mobile banking features.

This shows that there are some customers who would be willing to pay to use a mobile app from their lenders.

The research took into account the responses of customers from nine large banks across the United States. Among its questions was whether or not the respondents would be willing to pay a monthly fee of $3 in order to be able to continue the use of their mobile banking apps. Among the customers from the Bank of America, 33 percent said that they would be willing to pay the additional fee to use the smartphone app from their bank. That was the highest percentage of any of the bank customers that were surveyed. In second place was Citigroup, from which 31 percent said that they would be willing to pay that same fee.

The report did not suggest why that specific bank’s customers were more willing to pay for mobile banking.

Mobile Banking - Bank of America Center in Austin TexasIn terms of the other seven banks that were involved in this mobile apps study, the percentage of customers who said that they would be willing to pay an additional $3 per month in order to use the application were as follows:

• 29 percent – U.S. Bank
• 26 percent – TD Bank
• 25 percent – USAA
• 24 percent – Wells Fargo
• 24 percent – Chase Bank
• 22 percent – PNC Bank
• 18 percent – Capital One

This could be some very useful insight for banks, which are currently facing an ongoing time of low interest rates and which have been facing a struggle in finding ways to boost their revenues and ensure their growing profitability. Equally, banks have been observing a growth in the number of their consumers that have been embracing mobile banking features.