Tag: mobile spending

UK leads the world in mobile payments

| May 6, 2015

Report shows that mobile commerce is growing rapidly throughout the world

The United Kingdom leads the world in terms of mobile payments, according to a new study compiled by Adyen, a payment technology company. More consumers in the United Kingdom are beginning to use their mobile devices for a wide range of activities, including shopping for products that they are interested in. This is not a trend that exists in the United Kingdom alone, of course, as much of the world is becoming more involved in the mobile commerce scene.

44% of all online transactions made in the United Kingdom have been made through a mobile device of some kind

According to the report from Adyen, nearly 27% of all global online transactions during the first quarter of this year were made using a mobile device. This is a 39% increase over the mobile payments that were made during the same period of 2014. In the United Kingdom, some 44.4% of all online transactions are being made through a smartphone or tablet. The country is leading the way in terms of mobile payments and has established itself as a prominent mobile market.

Efficient payment infrastructure and competitive mobile network industry provides consumers with more options

UK Mobile Payments LeaderAdyen suggests that the United Kingdom’s position as a leader in the mobile payments industry highlights the country’s robust payment infrastructure. This infrastructure has made it possible for mobile consumers to participate in digital commerce more easily, giving them the tools they need to engage businesses and one another through financial means. The UK is also home to a highly competitive mobile network industry, with several companies vying for the support of consumers that are interested in all things mobile-centric.

UK expected to retain its position in the mobile payments space in the coming years

Competition among these companies has lead to an increase in the number of mobile commerce services that are available to consumers. A greater number of mobile commerce options has made it easier for people to become involved in this space. The United Kingdom is not expected to lose its top position in the mobile payments space in the near future.

Mobile payments app aims to end hunger

| April 23, 2015

Full Society launches campaign to fund development of new application

Full Society, a technology firm, has launched a crowdfunding campaign to finance the final stages of development of its mobile payments application. The app is meant to make it easier for consumers to use their mobile devices to pay for goods and services. The Full Society platform is focused on the restaurant sector and is designed to eliminate the wait time associated with paying bills at restaurants or bars.

App will make it easier for consumers to pay at restaurants and bars

The platform is also designed with a philanthropic angle. Using Full Society, consumers will be able to donate to charities that have the purpose of ending hunger in various parts of the world. These donations can be given in a single transaction, in a similar fashion to how tips are given to servers. According to Full Society CEO Paige Cantlin, restaurant-goers often donate to charities around the holiday season. Full Society is meant to provide consumers with a way to make donations as often as they please when they are dining out.

Convenient services continue to lead to mobile payments growth

Mobile Payments - HungerConvenience has made mobile payments popular. Consumers using payment platforms can avoid lines in crowded stores and quickly make payments for meals in restaurants. This convenience is something that mobile payments firms have worked to maintain and enhance. Some platforms allow consumers to submit orders to restaurants and pay for these orders before even arriving at a store. This aspect of mobile payments is growing more popular among consumers that like to visit restaurants.

Full Society wants to address the hunger problem in the United States

Full Society believes that its new mobile payments application will help solve the hunger issue in the United States. Currently nearly 46 million people in the country struggle with a lack of food, 12 million of which are children. Two charities devoted to fighting hunger have partnered with Full Society to address this issue: Helping Up mission and Paul’s Place.