Tag: mobile commerce news

Retail startups set sights on mobile commerce

| November 28, 2013

Mobile commerce reaches fever pitch during holiday season

The holiday season is settling in and mobile startups may stand to see major success this year as they engage mobile consumers in a new way. Keynote Systems, a developer of measurement products for mobile communications, has released a new study highlighting mobile startups. The study, called “Keynote Startup Shootout Index,” sheds some light on numerous startup retail organizations and how well they are accommodating the needs of mobile consumers. Given the growing importance of mobile commerce, ensuring that mobile users have a favorable experience through a retail platform is becoming a more important issue.

Retail startups putting focus on site performance

According to the study, retailer RueLaLa boasts of the best mobile performance than its competitors. The retailer offers fast load times for those accessing its website from smartphones and tablets. While the retailer’s website may not be ideal in terms of speed, as it receives an average of 38 new requests as the website loads, it does enable mobile consumers to access information on products more quickly than its competitors. This makes it relatively easier for consumers to purchase products online.

Loading times can greatly affect mobile commerce

Retailers focus on mobile commerceLoading times have a significant impact on mobile commerce. The longer it takes to load a website, the less likely it is for a consumer to enjoy their shopping experience. Long loading times can lead to frustration that can derail any mobile commerce initiative. Loading times for mobile websites tends to become significantly problematic during the holiday season as the more people that access a website tend to put significant strain on the site’s servers. If consumers cannot access a retail site, they cannot actually purchase any products.

Success of mobile commerce provides encouragement to retail startups

Mobile commerce has inspired a new generation of retailers to enter into the field. Retail startups have placed a strong focus on the mobile sector. This is partly due to the success that many retailers saw during the 2011 and 2012 holiday season through their focus on mobile commerce. In order for retail startups to find this same degree of success, they must ensure that people can access their websites quickly and that these sites offer an enjoyable experience.

Mobile commerce explodes in China

| November 27, 2013

Chinese mobile commerce is showing strong growth

Mobile commerce has gained a great deal of momentum in China recently. Consumers throughout the country are beginning to embrace mobile technology and smartphones and tablets are beginning to play a major role in the lives of many people. As mobile devices become more important to consumers, they are beginning to purchase products using these devices rather than shop in physical stores. A new report from the Development Research Center of the State Council, suggests that mobile payments have taken hold with many Chinese consumers.

Report highlights the growing popularity of mobile payments

According to the report, mobile payments are expected to reach $130.4 billion by the end of the year, more than five times the payment volume recorded from mobile devices throughout China in 2012. The report suggests that consumers throughout the country are showing favor for mobile commerce because of the convenience it brings to the shopping experience. Businesses are also powering the adoption of mobile commerce among consumers by offering shoppers special discounts for purchases that they make from mobile devices.

Alipay accounts for a third of all mobile payments in China

Mobile Commerce - ChinaDuring the “Double Elevens” event, which is similar to Cyber Monday in the U.S. and elsewhere, mobile payments through Alipay, the country’s most prominent mobile commerce platform, reached more than $870 million in transactions. Alipay accounted for one third of all mobile payments made in China, an 800% increase over the mobile payments it accounted for in 2012.

Internet access is exposing more people to mobile commerce

As the mobile Internet becomes more accessible to a wider range of consumers, the growth of mobile commerce throughout China is expected to accelerate. Several Chinese technology firms have taken a strong interest in mobile commerce due to the economic promise it represents. Popular applications like Wechat are beginning to receive mobile commerce features, turning them into somewhat impromptu mobile payments platforms and further increasing the exposure that consumers are experiencing in regards to mobile commerce.