Tag: mobile payments

A new research analysis predicts that this achievement will be made by 2015.

The Chinese mobile payments marketplace is starting to show some very promising figures that are suggesting that this could be one of the dominant worldwide players and that it may be one of the examples that are set for other countries regarding the way in which the technologies can be adopted successfully.

The data from a recent report has indicated that China could be ready for an explosion in this area.

Analysys International, a market research firm, has now released the results of its most recent analysis, which has indicated that by 2015, the mobile payments made within the People’s Republic of China will break the $114 billion mark (CNY712.3 billion). This would mean that in two years, the transactions over that channel will be greater in that nation than in any other country in the world.

The mobile payments report also indicated additional achievements within the next two years.

Beyond the total value of the transactions themselves, Analysis International is also projecting that by 2015, the payments made over third party internet platforms will reach $2.24 trillion (CHY 13.92 trillion), as per the report that was made in China Tech News.

Once the 2012 license structure was fully implemented, companies offering third party transactions started to boost their presence within the mobile payments marketplace. Furthermore, a growing number of traditional payment organizations are beginning to take their first steps into the digital environment, which is boosting the need for those third party providers. This increase in the number of opportunities is further encouraging the growth of the number of those enterprises.

Similarly, the report explained that the recent establishment of the mobile payments standards are having a considerable impact on the marketplace. This made it possible for foreign investors to be able to take their own steps into the smartphone and tablet marketplaces. This is allowing for a much more rapid development of the technology and is boosting the public awareness. The result is that device users are building their acceptance of the transaction method and are starting to choose those options when it comes time to make a purchase.

Online auction site eBay, Inc is set to become a leader in mobile commerce through auctions as well as Paypal mobile transactions to be processed throughout the coming year.

Mobile commerce for 2013

Market trends for the future can often be found in what people are doing with their mobile phones and other devices. Experts keep a keen eye on the market for trends that point to future success in any sector. Mobile commerce is the hot topic for 2013, with Paypal poised to make record amounts of mobile commerce transactions. eBay has also been successful at integrating mobile capabilities into its auctions, with a full one third of transactions on the site coming from a mobile source.

Established financial institutions like Visa, MasterCard, banks, and Paypal have been projected to be the big winners in mobile commerce in the coming year. Payments can be made by mobile phone by Paypal users, and other institutions are working on or have released similar programs. Paying for auctions with Paypal is commonplace, which means a natural progression towards mobile commerce rewards for all sectors of eBay, Inc.

Mcommerce Predictions

Colin Gillis, analyst at BGC Partners, believes eBay, Inc. is the top dog for e-commerce in 2013. He believes that eBay could one day be worth more than Amazon, a long time top company for online sales. To him, eBay is one of the players that will remain stable and see growth in the coming year, which could pay out in dividends for stockholders.

eBay, Inc. ha shown strong growth in GMV – gross merchandise volume – in the last year and continues to see growth. Some of this growth can be attributed towards new members and an approach to mobile commerce in general. That, along with the projects for Paypal to be a leader in mobile payments, give the company a strong outlook into the new year. Paypal alone is projected to handle over $10 million in mobile payments in the next year. 100 million users have downloaded eBay’s app for mobile phones in the company’s last quarter alone.

Potential problems for eBay include the PayPal Bill Me Later option, which could open up new risks with credit. eBay should also be on the lookout for stiff competition from both online and offline merchants, along with high in-house costs associated with acquisitions.