Tag: mobile commerce news

PayPal application may triumph in the mobile commerce sector thanks to new update

PayPal has issued a major update for its mobile commerce application that may help it edge out the competition from other mobile wallets. The PayPal application has long existed as a way to allow consumers to manage their financial information from the mobile device. Previous versions of the application did allow for transactions, but PayPal has been taking steps to ensure that the application can provide consumers with more comprehensive mobile commerce services. The new update introduces several new features to the application that may make it one of the most robust platforms currently available.

App equipped with new, innovative features

The application features a new user interface that is designed to be more convenient for users. Those using the application to make a purchase can now take advantage of PayPal’s “Bill Me Later” financing option as well, providing more flexibility when it comes to mobile payments. PayPal has also taken steps to make the in-store mobile purchase process more efficient. Consumers will be able to use the application to pay for products in physical stores more easily than they could with previous versions of the app.

Features allow users to find local stores that support mobile commerce

PayPal has also introduced a new feature simply called “Shop” to the application. Shop allows users to find local restaurants and stores that accept mobile payments. The application also allows users to change the way they pay for products as they please. Users can opt to use their PayPal balance or make use of a credit card or bank account that has been linked to the application as well. The application also allows consumers to place and pay for orders from restaurants that support mobile commerce. This same feature allows consumers to pay for these orders when they receive their meals.

PayPal may establish strong lead with updated app

PayPal has already established a strong presence in the mobile commerce field, but the company has yet position itself as the clear leader in this sector. There are a multitude of mobile commerce services available to consumers today, and this abundance of options means that no single platform has managed to win the favor of the majority of people in any given market. PayPal has designed its updated application in order to tackle this issue.

The income from Google Play application sales look as though they are primed to be twice as large this year.

This summer, Google Play’s mobile commerce successes raced forward as they exploded beyond the 50 billion app download mark, this summer, and this progress is only continuing onward, leading many to believe that this will be a doubly rewarding year for Android application revenues.

Developers have been working hard to both create and market quality applications.

Because of this, and a number of other factors, it looks as though the mobile commerce revenues from Android apps will be double, this year, what they were last year. The most recent reports from ABI Research have projected that the app revenues from Google Play alone will have broken the $6.8 billion mark by the close of 2013.

At the same time, the mobile commerce story at Google Play still hasn’t reached that of the Apple App Store.

The industry is still being lead by the mobile commerce app revenues over iOS devices, causing Android to continually play the catch up game regardless of its progress. At the same time, ABI stated that the current smartphone app market “will be Android’s most fruitful hunting ground compared to other devices.”

In fact, the ABI Research data has indicated that the app revenues from Android smartphone mobile commerce are expected to rise from 59.1 percent to 65.9 percent when compared to the revenues from iOS smartphone apps, over the period of the next full year.

Josh flood, an ABI senior analyst, explained that “Apple’s iOS still leads all the other mobile operating systems’ revenues by a significant margin; however, the greater number of Android smartphones in use is clawing back Apple’s lead in this market.” He pointed out that there will be a shift in the nature of this mobile commerce over throughout this year due to the popularity of Android devices and the massive growth in their shipments, particularly when compared to that of iOS devices. He also added that “This year, Android smartphones will ship by a factor of more than three-to-one to iPhones.”