MoPowered continues to make progress in the mobile space
Mobile commerce firm MoPowered has announced that it has added 27 new clients in less than two months. The company now accounts for 127 clients and expects its revenue to grow by 33% over what it had been in 2013. According to the firm’s CEO, Dominic Keen, the market for mobile commerce has proven to be quite promising. The company plans to continue engaging mobile consumers aggressively in order to take advantage of positive market trends.
Firm raises $5 million to expand and improve its services for online retailers
MoPowered raised some $5 million in funding in December last year and has been connecting with retailers that are interested in mobile shopping and the mobile space in general. Consumers have become quite reliant on their mobile devices in recent years and many are using these devices to shop online and purchase products. It is becoming more common for consumers to purchase products in physical stores with their smartphones and tablets. Retailers currently appear to favor the online aspects of mobile commerce over its offline potential.
Mobile websites must provide a favorable experience if consumers are to participate in mobile shopping
MoPowered specializes in revitalizing websites and making them more accommodating to smartphones and tablets. Retail mobile sites are often lackluster and provide consumers with a poor shopping experience. Consumers with a poor shopping experience are unlikely to continue using a particular website or service. MoPowered helps ensure that consumers have a good experience with mobile shopping.
MoPowered expected to face strong competition from larger companies in the mobile commerce space
MoPowered has positioned itself to accelerate its acquisition of new clients in 2014. The funding that the company has raised, along with the patronage of new clients, has helped it expand and improve its mobile commerce platform. MoPowered will, of course, have to compete with a multitude of other companies that are trying to engage mobile consumers. Competition may be fierce, as several large organizations have taken a strong interest in the mobile space and plan to continue strengthening their presence therein throughout the coming year.
MoPowered helps power mobile commerce growth in the UK
MoPowered, a software-as-a-service platform that was launched in early 2012, has announced that it has reached a significant milestone in terms of mobile commerce. The platform is designed to work with businesses and enable them to tap into the growing popularity of the mobile space. MoPowered has helped several businesses embrace mobile commerce in a significant fashion, allowing companies to accept and process mobile payments in a convenient way. MoPowered has teamed with companies like PayPal, WorldPay, and MasterCard, which has enabled it to see strong growth in the realm of mobile commerce.
MoPowered processes 300,000 transactions per day
MoPowered has announced that it now processes more than 300,000 mobile transactions on a daily basis. In the United Kingdom alone, the platform has access to some 80% of the country’s merchants. These merchants have shown a strong interest in engaging mobile consumers, largely due to the growing importance of smartphones and tablets. These devices have become much more than simple communication tools for consumers and they now represent a very important social and commerce tool as well. With consumers putting so much importance on their smartphones and tablets, businesses have been positioning themselves to connect with these consumers on a mobile level.
Platform helps bring mobile commerce to businesses
MoPowered has helped enabled merchants to enter into the mobile commerce field, allowing them to compete with others that had already embraced this form of commerce as well as connect with consumers in a more dynamic way. Mobile commerce has managed to become a very active field in the United Kingdom, especially in regards to the retail sector.
MoPowered expected to continue seeing strong growth
MoPowered has established several strategic partnerships with many companies in the United Kingdom. NEXT is one of these companies and MoPowered is the sole provider of mobile websites and applications for this particular company. MoPowered is considered one of the driving forces behind the adoption of mobile commerce in the United Kingdom and is expected to continue forming strong partnerships with several businesses throughout the country.
