Tag: mobile commerce news

Report predicts the future of mobile payments

| April 24, 2015

Deloitte report highlights the potential success that mobile commerce will see this year

Deloitte has released its latest annual Technology, Media & Telecommunications Predictions report, which aims to shed some light on where mobile payments are headed this year. A large number of consumers have become enthralled with the concept of mobile commerce. They are beginning to use their smartphones and tablets to purchase products that they shop for online. This process is considered quite convenient, and new mobile payments services are making it easier for consumers to become involved in mobile commerce.

NFC-enabled mobile payments are growing quickly among consumers

According to the report from Deloitte, 5% of the world’s 650 million NFC-enabled mobile devices will be used at least once a month to make a mobile payment in a physical store. While 5% may not seem overwhelming, this is a significant increase over the number of NFC-enabled devices that were used to make payments in physical stores in 2014. Last year, approximately 0.5% of these devices were used to make an in-store mobile payment.

Forrester report predicts the US mobile payments market will reach $142 billion by 2019

Mobile Payments ReportA similar report from Forrester Research predicts that the mobile commerce market in the United States will reach $142 billion by the end of 2019. This growth will be powered by the growing popularity of mobile commerce services and increased smartphone penetration. Consumers are becoming more comfortable with the concept of mobile payments, especially as secure services are making this sector safer and easier to become involved in.

Large companies bring their customers to the mobile commerce space

Several prominent companies, such as Apple and Samsung, have begun entering into the mobile payments space. These companies have seen a significant rise in the demand for mobile payment support among consumers and are positioning themselves to accommodate this demand effectively. As more large companies enter into the space, the consumers that are loyal to these companies are expected to follow, making use of their mobile commerce platforms and shopping online with their smartphones as well as making payments with their devices in physical stores.

Mobile payments app aims to end hunger

| April 23, 2015

Full Society launches campaign to fund development of new application

Full Society, a technology firm, has launched a crowdfunding campaign to finance the final stages of development of its mobile payments application. The app is meant to make it easier for consumers to use their mobile devices to pay for goods and services. The Full Society platform is focused on the restaurant sector and is designed to eliminate the wait time associated with paying bills at restaurants or bars.

App will make it easier for consumers to pay at restaurants and bars

The platform is also designed with a philanthropic angle. Using Full Society, consumers will be able to donate to charities that have the purpose of ending hunger in various parts of the world. These donations can be given in a single transaction, in a similar fashion to how tips are given to servers. According to Full Society CEO Paige Cantlin, restaurant-goers often donate to charities around the holiday season. Full Society is meant to provide consumers with a way to make donations as often as they please when they are dining out.

Convenient services continue to lead to mobile payments growth

Mobile Payments - HungerConvenience has made mobile payments popular. Consumers using payment platforms can avoid lines in crowded stores and quickly make payments for meals in restaurants. This convenience is something that mobile payments firms have worked to maintain and enhance. Some platforms allow consumers to submit orders to restaurants and pay for these orders before even arriving at a store. This aspect of mobile payments is growing more popular among consumers that like to visit restaurants.

Full Society wants to address the hunger problem in the United States

Full Society believes that its new mobile payments application will help solve the hunger issue in the United States. Currently nearly 46 million people in the country struggle with a lack of food, 12 million of which are children. Two charities devoted to fighting hunger have partnered with Full Society to address this issue: Helping Up mission and Paul’s Place.