Tag: mobile payments

Mobile payments seeing action in the food industry

| May 7, 2013

Mobile Payments Food IndustrySquare aims to make mobile payments better for the food industry

The food industry may soon get a powerful new advocate when it comes to mobile payments. Square, a California-based mobile commerce startup, has been making waves in the mobile world for some time. The company is partly responsible for the spread of mobile commerce in the U.S. and in several markets therein. Square, like others in the mobile payments business, has taken note of the growing proliferation of mobile technology, which itself has created a major opportunity to expose consumers to a new form of commerce.

Mobile commerce finds significant traction with restaurants

Square is well known as the creator of smartphone-based credit card readers that facilitate mobile payments. These small devices are capable of replacing traditional point-of-sale terminals with more convenient mobile technologies, allowing users to bypass traditional forms of commerce. Square’s devices have proven quite popular in several industries, but small restaurants, food truck operators, and others in the food industry have proven to be the company’s best customers.

Square to introduce update for popular application

Square is now moving to embrace the food industry in a more aggressive fashion. Several months ago, Square launched its “Business in a Box” product, which essentially transforms an iPad into a full-fledged point-of-sale system. Late last week, Square announced an update for the application associated with this product. The Square Register application will soon receive an update that is designed specifically for quick-serve restaurants. This update is expected to allow users to make real-time modifications to orders that are sent to the kitchen for preparation.

Mobile payments continue to prove popular among consumers

A more robust system is likely to be well received by the food industry, which has taken a strong interest in mobile commerce. Mobile payments have already proven to be very popular among consumers, many of whom are tethered to their smartphones and tablets and favor mobile solutions to their daily needs. Square intends to alleviate some of the issues that exist in the mobile payments sector in order to make it more accommodating to both consumers and businesses.

Mobile commerce having an impact on financial services in Mexico

| May 7, 2013

Mobile Commerce MexicoMobile commerce causing a stir in Mexico

Commerce in Mexico is undergoing a monumental change as mobile technology begins to play a bigger role in the lives of consumers. Smartphones and tablets are becoming more available, making it possible for a greater number of people to get involved in mobile commerce. These consumers have shown a great deal of interest in shopping online using their mobile devices, praising mobile commerce for the convenience it offers. As mobile commerce continues to gain ground, it is beginning to transform the financial services sector of Mexico.

Banks and telecommunications companies set sights on mobile commerce

As consumers become more mobile, banks and telecommunications companies throughout Mexico are beginning to take action. Such is the case with Telcel, one of the country’s largest telecommunications companies. Telcel has been working to introduce new mobile commerce platforms to consumers in an effort to make mobile payments easier and more accessible. Several banks throughout the country have also been doing this in an attempt to make mobile banking more prolific among a new generation of mobile-centric consumers.

Report highlights the impact of mobile consumers

A new report from Packaged Facts, a market research firm, highlights the impact mobile commerce is beginning to have on the financial services sector in Mexico. The report, entitled “Mobile and Alternative Payments in Mexico,” notes that the penetration of mobile technology is the primary reason behind the growth of mobile commerce. As more smartphones and tablets find their way into consumer hands, the more likely consumers are to participate in mobile commerce and mobile banking.

Progress in mobile payments may depend on quality of service

The progress of mobile commerce is not likely to be dictated by the companies and organizations that embrace it, but by the quality of the services and mobile payments platforms being made available to consumers. If consumers do not have a positive experience with these platforms, they are unlikely to devote their time and money to mobile commerce.