Tag: thailand

Mobile commerce is growing quickly in Southeast Asia

More consumers are opting to shop via mobile devices

Mobile commerce is beginning to see aggressive growth in Southeast Asia. The Asia Pacific region has become one of the most attractive and fastest growing mobile payments markets in the world, with companies from all over the world flocking to the region to take advantage of this fact. A new report from Criteo shows that Southeast Asia, in particular, is seeing significant growth in terms of mobile shopping and the availability of mobile payment services. This is partly due to consumers becoming more comfortable with the basic concept of mobile commerce.

Report shows that mobile shopping is growing in many Southeast Asian countries

The report from Criteo shows that mobile payments account for approximately 40% of all transactions made among digital retailers. In the fourth quarter of 2015, mobile transactions accounted for 25% of all payments being made in the digital space, with countries like India, Singapore, and Thailand experiencing the strongest growth in mobile payments. Among mobile shoppers, smartphones where the favored purchasing platform.

Smartphones have become the favored shopping platform among consumers

Mobile Commerce - Map of the Association of Southeast Asian NationsSmartphone purchases accounted for approximately 73% of all mobile commerce sales in Southeast Asia. Tablets accounted for only 27% of these transactions. Consumers had favored tablet devices in the past because of the larger screens that these devices feature. The shopping experience was also relatively more enjoyable than what consumers experienced with smartphones, as retailers had developed services that performed better on tablets. Now, however, consumers are favoring smartphones because of their small size and how much more convenient they are when compared to tablet devices.

Security remains one of the greatest concerns that mobile shoppers have

While mobile commerce is growing quickly in Southeast Asia, many consumers remain concerned about the security of their financial information when making mobile purchases. As mobile shopping becomes more popular, hackers are beginning to target this sector in order to gain access to consumer financial information. Retailers and companies responsible for mobile payment services have been addressing security issues in order to secure the continued growth of the mobile commerce space.

Messaging apps may revolutionize mobile commerce

Future of mobile shopping and payments may lie with messaging apps

Mobile messaging applications may be the future of mobile commerce. A growing number of these apps are being released and many of them are being designed with mobile payments in mind. In some cases, these apps are meant to make mobile shopping more social, allowing users to share their purchases with those they have on their contact lists. Most of these apps simply aim to satisfy the demand coming from consumers who want their applications to do more than one simple task, such as messaging.

Line is set to break into the Taiwanese market with the help of Uitox

A new messaging application from Japan is set to take mobile commerce to a new level in Taiwan. The app is called Line and it’s developer of the same name has partnered with Uitox, an e-commerce organization, to bring Line into the Taiwanese market. Uitox is set to launch a mobile payments pilot program on June 10 that will highlight the use of Line. Numerous brands are already slated to participate in the campaign, and Line will even sell its own branded merchandise through the pilot project.

Line boasts of 420 million registered users globally

Mobile Commerce - Mobile messaging Line currently boasts of more than 420 million registered users throughout the world. The application has managed to acquire a great deal of support through its focus on flash sales. Last year, Line started introducing its own brand of flash sales to Thailand, where it found promising success. Taiwan will be the second country in which Line introduces its flash sales.

Line will have to continue competing with more popular mobile commerce platforms in order to find higher levels of success

While Line has managed to generate a great deal of success, it will still need to compete with other applications that are forming a powerful position in the mobile commerce field. WeChat is currently one of the largest messaging applications that has successfully established itself as a mobile payments platform as well. Newly released applications also offer some competition as consumers are often on the lookout for new services that could offer refreshing experiences.