Tag: mobile payments

State of mobile commerce report by yStat

| December 11, 2012

 

mobile commerce around the worldyStat reports on the state of mobile commerce around the world

Research and Markets has released a new report from market research firm yStat concerning the state of mobile commerce around the world. The report, called “Global Mobile and M-Commerce Report 2012,” highlights the various aspects of the mobile commerce industry and the reach of mobile payments among consumers. More than 46 countries are documented in the report, all of which have shown powerful mobile commerce activity in the past several months. The report provides information concerning the trends, revenues, and various other details concerning mobile commerce in these countries.

More than 600 million mobile consumers worldwide predicted by 2014

According to the report from yStat, the number of people that make purchases from a mobile device reached more than 400 million this year. Approximately 40% of all retailers around the world offer consumers options to purchase products through a mobile device, a trend that is expected to gain strong momentum in the wake of the holiday season. yStat predicts that the number of mobile consumers worldwide will reach 600 million by 2014, with growth backed by new mobile commerce platforms and services.

US, UK, and Germany show promising growth in mobile commerce

The yStat report highlights the performance of mobile commerce in several countries. In the U.S., the report notes that traditional online sales have increased at a slower rate than mobile sales this year, especially in the realms of ticketing and travel. By the end of 2012, the United Kingdom is expected to hold the highest share of mobile sales in all of Europe, followed closely by Sweden. Mobile commerce has experienced strong growth in Germany, with the total number of mobile shoppers in the country growing more than 10% in 2011.

Increasing popularity calls for better mobile devices and services

The growing popularity of mobile commerce is pushing telecommunications and technology companies to develop new products that are better suited to the needs of mobile consumers. Smart phones and tablets equipped with NFC technology are becoming more common, but are not yet at the point where they can be considered mainstream.

Qualcomm introduces new NFC chip

| December 10, 2012

 

Mobile Commerce NFC ChipQualcomm continues to show strong support for NFC technology

Qualcomm, a leading developer of computer chips and mobile technology, has announced that its subsidiary, Qualcomm Atheros, has introduced a new NFC solution that could have promising implications for a wide range of mobile devices. Qualcomm has been showing increasing interest in NFC technology recently. The company recently upgraded its membership within the NFC Forum, a trade group working to provide standards for the use of NFC technology. The company sees a great deal of promise in NFC technology that extends well beyond mobile commerce.

NFC continues to be linked to mobile commerce

NFC technology is well known for establishing a strong foundation for mobile commerce. Indeed, most mobile commerce initiative rely heavily on the technology in order to facilitate business with consumers. The technology is capable of turning a mobile device into a payment platform, thus allowing consumers to participate in mobile commerce. NFC technology can be used for much more than mobile transactions, and Qualcomm has been working to make the technology available to other industries.

New chip offers promising features

Qualcomm Atheros has developed a new NFC solution that consumes much less energy than traditional NFC chips. The chip, called the QCA 1990, is compatible with most cutting edge mobile technologies and complies with the standards of the NFC Forum. The QCA 1990 is designed to consume as little energy as possible, thus it does not present any significant strain on the battery of a mobile device. Qualcomm notes that the chip will also help make wireless communications and data exchange more efficient. This includes mobile payments.

Chip to see limited use throughout 2013

Qualcomm plans to make the QCA 1990 available to a limited number of customers by the first quarter of 2013. This will help the company determine if any significant changes need to be done to the chip to prepare it for wider commercialization. By the third quarter of 2013, Qualcomm expects that the QCA 1990 will be in the hands of large companies around the world.