Tag: mobile commerce technology

Monet chooses IBM for new cloud-based system

Technology giant IBM has announced that Monet, a leading mobile commerce provider in Pakistan, has begun using its cloud-based solution to provide enhanced service to consumers. Mobile commerce is growing in the Middle East and Monet has positioned itself to become one of the leading platforms currently available to consumers. As mobile commerce becomes more popular, Monet is working to make payments more secure and placate some of the concerns coming from consumers.

Cloud-based system may help expand mobile commerce in Pakistan

Monet plans to use IBM’s cloud-based system to expand its presence throughout Pakistan. The company already caters to numerous mobile banking networks and branchless financial institutions, all of which consider the security of consumers’ financial information as a major priority. Mobile banking is becoming more popular in Pakistan, thus becoming a more attractive target for hackers and other parties with malicious intent. In order to meet the changing needs of its customers, Monet has turned to IBM.

IBM to develop private system based on SmartCloud technology

IBM will be developing a specialized system for Monet based on its SmartCloud technology. This cloud-based system will provide Monet with a more comprehensive mobile infrastructure, which is well suited to meeting the growing demand for mobile financial services, such as banking and commerce. Monet will not simply be relying on IBM to provide it with a new cloud-based infrastructure, Monet is also outsourcing its networking, security, cryptographic, and disaster recovery solutions to IBM. This will allow Monet to focus on the core of its business structure.

Pakistan consumers begin to show more interest in mobile commerce

Mobile commerce is often thought of in terms of payments. The term refers to a wide range of practices in the financial world, however, including banking. As more consumers in Pakistan acquire mobile devices capable of giving them access to high-tech financial solutions, banks and other financial institutions are demanding new comprehensive services that enable them to better serve their customers. Monet and IBM may be able to provide such service and solidify the growth of mobile commerce in Pakistan.

COPNI Wave brings NFC to all mobile devices

On Track Innovations, a leading developer of contactless smart card technology, has announced a new version of its popular COPNI platform, called COPNI Wave. The COPNI Wave is being billed as the mobile industry’s first device that can give any existing mobile phone NFC capabilities.  The device could be a big hit amongst consumers that are interested in mobile commerce but do not have access to an NFC-enabled smart phone or tablet. Using the COPNI Wave, these consumers will be able to participate in mobile commerce without having to pay exorbitant amounts of money for a new smart phone.

New devices aims to close the gap between NFC technology and mobile consumers

The COPNI Wave can attach to any mobile device through that device’s headphone jack. Once connected, the COPNI Wave will interface with the mobile device and give it NFC capabilities. With the new attachment, consumers without NFC-enabled smart phones will be able to interact with a wide array of NFC-based content, much of which can be found in interactive advertisements. These consumers will also be able to make payments for goods and services using their phone, provided that they have a mobile commerce application installed.

Lack of NFC-enabled mobile devices may be a problem of the past

With the introduction of the COPNI Wave, On Track Innovations hopes to solve one of the most significant problems facing mobile commerce today. That is the lack of NFC-enabled mobile devices. Because mobile commerce hinges on NFC technology to facilitate payments, those without NFC-enabled phones cannot participate in transactions. NFC-enabled mobile devices are currently rare, making the audience for mobile commerce somewhat limited.

On Track Innovations continues to show major progress in the realm of mobile commerce and NFC

Despite some of the challenges inhibiting widespread adoption, mobile commerce is not considered to be a passing fad. On Track Innovations is keen to stay on the forefront of NFC technology and ensure that it plays a large role in the emerging mobile commerce industry. The company has already solidified its place a a leading provider of NFC solutions in the U.S., thanks to numerous patents awarded to the company from the U.S. Patent and Trademark Office.