Tag: mobile commerce news

Is mobile commerce a one night stand?

Consumers are finding that mcommerce was alright for a date or two but seem less interested in a long term relationship.

According to a recent study, many consumers have now tried mobile commerce and are starting to become disenchanted with its frustrating, slow, clunky, and tiny experience.

Some analysts are now wondering if mcommerce could have been a fad and that larger screens could come back.

Evidence of this was revealed in research conducted by PwC U.S. Retail & Consumer practice. What they found was that when it comes to the way that shoppers now feel about mobile commerce, it seems that they are starting to see the experience as old news and that it was more a matter of hype and novelty than actual practical convenience. Many consumers find that the screens on their smartphones are simply too small to comfortably shop and that the mcommerce website experience provided by retailers is just too clunky.

Instead of mobile commerce, many consumers are now returning to their laptops and desktops.

The report issued based on the study used responses from 15,000 online shoppers worldwide. The conclusions drawn from this data are that retailers will need to step out beyond the attempt to simply make sure that they have an omnichannel presence to ensure that they are actually meeting the growing expectations of their customers. It also pointed out that while shoppers are increasingly open to using their smartphones and tablets to compare and to buy, they are also rapidly becoming disenchanted with the experience once they do give it a try.Mobile Commerce - smartphones may not be future choice

Among the American respondents in the study, 37 percent said that the concerns over security are preventing them from using their smartphones for making a purchase. Another 33 percent said that the screen is simply too small, while 32 percent said that they don’t actually own a mobile device.

The advice that was given by the report was that many retailers might actually be better served by giving up on expanding their push for mobile commerce platforms and placing a greater focus on what their shoppers actually want. It isn’t that the report claims that there is no future for mcommerce. In fact, they stated that consumers see multichannel shopping as a given. However, the complexities and cost of this experience are proving to be too great for many retailers and have yet to offer adequate rewards. For the sake of survival and current success, some businesses may be better off placing a far better focus on what they know actually works.

China is a hotbed for mobile commerce activity

Survey highlights the growth of mobile shopping in China and elsewhere

MasterCard has released the results of a new survey concerning mobile commerce in China. Consumers throughout China have been growing more interested in shopping from their mobile devices and are beginning to use their smartphones and tablets to purchase products more often. Many consumers consider mobile shopping to be very convenient and ideal for their current circumstances. This is especially true among people that commute often as mobile commerce allows them to purchase products from wherever they are and have these products delivered to their homes.

Nearly 100% of Chinese respondents have made a mobile purchase in the past three months

According to the survey from MasterCard, mobile commerce has been growing quickly throughout the Asian-Pacific region. Thailand, South Korea, and India boast of impressive results when it comes to the number of people participating in mobile shopping and payments. The survey shows, however, that nearly 100% of the respondents in China have said that they have made at least one online purchase from a mobile device in t he past three months. Approximately 59% of these consumers noted that they made a purchase with a smartphone.

Retailers help power the growth of mobile shopping

Mobile Commerce Activity - ChinaThe survey attributes the growth of mobile shopping in China to the efforts that several retailers have made to engage mobile consumers. Alibaba and Tencent, for example, have launched aggressive campaigns to attract the attention of these consumers. Using their Alipay and WeChat applications, these companies have managed to establish a dominant position in the mobile field. Smaller retailers have also been working to accommodate the needs of mobile consumers by embracing mobile payments more readily.

China is likely to retain its lead as a prominent mobile commerce market

China is expected to be a leading mobile commerce market well into the future, followed closely by Thailand and South Korea. As smartphone penetration continues to rise throughout the Asian-Pacific region, the number of people shopping online from their mobile devices is expected to continue growing. Tablets are also beginning to establish a reputation among consumers in this region as one of the best mobile shopping platforms currently available.