Tag: mobile commerce apps

Promising new mobile commerce service officially launched in the UK

| May 5, 2014

Paym has been officially launched this week

One of the United Kingdom’s most anticipated mobile commerce applications has been officially released this week. The Paym platform has reached more than 360,000 registered users as of Tuesday morning, making it one of the most quickly adopted mobile payment services in the country. One of the reasons behind Paym’s early popularity has to do with the fact that it is backed by some of the country’s largest financial institutions, all of whom have serious interests in mobile commerce.

The UK has become a very attractive mobile market

The United Kingdom has become a very active market for everything mobile. Consumers throughout the country are becoming more mobile-centric, opting to use their smartphones and tablets for a wide variety of activities. As such, commerce has begun to evolve in the United Kingdom, with retailers and other businesses adapting to the changing times and working to engage mobile consumers more effectively. The country’s financial institutions are particularly interested in the mobile space because of emerging trends in consumer behavior.

Paym has the backing of many of the country’s largest banks

Mobile Commerce Service UK Paym is backed by Lloyd’s, Barclays, HSBC, and several other large banks that have an interest in the mobile space. The service allows consumers to make payments from their bank accounts using nothing more than a phone number. Paym won early praise before its launch because of its efficient nature and security features. The platform has managed to acquire a significant level of momentum ahead of its launch and this momentum may help Paym find success among consumers interested in mobile commerce.

Paym expected to process more than $1 billion in payments by 2018

According to the Payments Council, which was responsible for the launch of Paym, the new platform is expected to process more than $1 billion in mobile payments by the end of 2018. The platform is expected to see more use as more bank customers become aware of its existence. The banks supporting Paym will continue promoting the service to their customers in the hopes of making the platform the premier mobile commerce service in the United Kingdom.

Kakao Talk may beat WhatsApp on mobile commerce as well as gaming

| March 5, 2014

WhatsApp has serious competition in regards to Kakao Talk

Popular mobile messaging application WhatsApp has attracted a great deal of attention recently due to its acquisition by Facebook. The prominent social network spent $19 billion to purchase the application and has been working to incorporate the application into its overarching social structure. WhatsApp already boasted of a large user base but with Facebook’s backing, this user base is expected to grow exponentially in the future. While WhatsApp may become more popular in the months to come, it does have a competitor that could destabilize its growth.

Application aims to leverage mobile commerce to gain support

Kakao Talk is another messaging application that has become very popular in Asia. The application has more than 133 million registered users in South Korea and is currently preparing launch an initial public offering being valued at more than $2 billion. What Kakao Talk may offer that WhatsApp does not is the ability to allow users to participate in mobile commerce. Using the application, people can connect with brands more effectively, taking advantage of special deals being offered by retailers and online merchants.

Mobile gaming supported through Kakao Talk

Mobile Commerce News Packs PunchKakao Talk also boasts of a gaming feature. Mobile gaming has become quite a lucrative aspect of the game industry as a whole. Providing consumers with a platform that has strong social interaction features and that can support mobile games could help Kakao Talk surpass WhatsApp in terms of popularity. Similar platforms have managed to find success with type of approach. The WeChat application, which had initially been a messaging app, is now on its way to becoming one of the most prominent mobile commerce platforms in the world.

Demand for mobile services is on the rise

As people become more reliant on their mobile devices, the demand for comprehensive mobile services is growing. While applications that are meant to serve a single purpose are likely to remain popular well into the future, people are beginning to show more interest in applications that can serve multiple purposes at the same time. These applications have shown that they are able to accommodate the interests of a new generation of mobile users.