Tag: mobile payments

eXelate report shows Black Friday saw most mobile sales

 

eXelate finds Black Friday leads in terms of mobile commerce

Cyber Monday may be the leader in teBlack Friday Mobile Sales Reportrms of online sales, but Black Friday dominated in terms of mobile sales, according to a new report from eXelate, a leading analytics firm. eXelate has released a new report suggesting that Black Friday should be renamed “Mobile Friday” due to the number of mobile sales that occurred on that day. Though mobile commerce had a strong showing for much of the holiday shopping weekend, sales were especially high during Black Friday.

Retailers continue their push for mobile commerce

One of the reasons mobile commerce was such a success for the holiday shopping weekend is due to the efforts of the retail industry. Retailers have become enthralled with the concept of mobile commerce, much like consumers. Seeing the potential for major gain, many retailers have taken to engaging consumers through mobile commerce platform. Reports show that this approach has been remarkably successful for many companies.

Black Friday accounts for most mobile sales over holiday shopping weekend

According to the report from eXelate, the holiday shopping weekend began on Thanksgiving rather than Black Friday this year, breaking tradition. Thanksgiving day marked a major increase in shopping activity at physical stores and on digital platforms. Cyber Monday retains the title of leader of online sales with sales growing by 29% over what they had been in the previous year. Black Friday, however, saw the most mobile traffic, with 52% of iOS consumers and 41% of Android consumers using their mobile devices to make purchases.

Mobile commerce may be new Thanksgiving tradition

eXelate CEO Mark Zagorski suggests that mobile commerce is poised to become the new Thanksgiving tradition, especially as more consumers become reliant on mobile devices in their daily lives. More convenient forms of commerce are certainly proving to be popular with consumers and retailers have taken note of the potential benefits of mobile commerce. The results of Black Friday are likely to encourage retailers to continue their aggressive push to engage mobile consumers in more dynamic ways.

NFC technology expected to become more common in coming years

 

NFC technology poised for market boom

NFC technology is becomiNFC Technology Growthng more commonplace as consumers become more comfortable with the services it can provide. The technology is well known for its use in mobile commerce, wherein it is able to facilitate mobile payments from smart phones for physical products. The technology also has uses in marketing and information distribution and is quickly becoming an ideal way for companies to stay engaged with mobile consumers. Despite the growing popularity of NFC technology, relatively few consumers can engage in the services it provides because of the lack of NFC-enabled mobile devices.

NFC-enabled devices currently in low supply

In order for consumers to make use of NFC-based services, they must have a device that is equipped with an NFC chip. This chip allows a device to interface with a payments terminal, NFC tag, or other service that relies on the technology. Currently, the availability of NFC-enabled mobile devices is low, with the majority of such devices encompassed in the Android platform. The iOS platform does not support NFC technology despite growing demand coming from consumers. The lack of NFC-enabled devices has made it difficult for mobile commerce and other NFC-based services to gain traction with consumers.

ABI Research predicts 2 billion NFC-enabled devices by 2017

According to ABI Research, the availability of NFC-enabled mobile devices is expected to grow exponentially over the next few years. This is due to telecommunications and technology companies heeding the demands coming from consumers and working to meet their needs. The research firm expects more than 2 billion smart phones will be equipped with NFC technology by 2017. Shipments of NFC-enabled devices are expected to pick up as well as these products exit their trail phase and companies deem them commercially viable.

New devices expected to make NFC technology more familiar with consumers

With the availability of NFC-enabled devices on the rise, more consumers are expected to gain access to the wide array of NFC-based services that are being offered to them. There may be some challenges that companies and consumers will have to overcome, especially in the realm of mobile commerce, but NFC technology is expected to become a staple of mobile technology and service in the near future.