Tag: uk mobile commerce

E-commerce firm introduces new mobile commerce platform

| March 7, 2014

Powa Technologies unveils its new mobile platform

Powa Technologies, an e-commerce startup based in the United Kingdom, has unveiled its flagship products, called PowaTag. The startup has raised more than $100 million in funding from various sources over the past several months. Much of this funding has gone into the development of PowaTag and the company’s various other initiatives. PowaTag may grow to become a very prominent mobile commerce platform through its use of QR codes and voice recognition technology.

New platform designed to be an expansive solution for both retailers and consumers

PowaTag is designed to be a sort of all-in-one platform, allowing consumers with more flexibility when it comes to mobile payments. The platform is also designed to be an appealing solution for brands and retailers that have become very interested in engaging with a mobile audience. This is becoming increasingly important for retailers as consumers become more reliant on their mobile devices. If a retailer or brand is unable to engage these consumers effectively, they could fall victim to obscurity.

QR codes are becoming popular mobile payments tools

Powa Technologies has also created PowaTags, which are essentially branded QR codes. The company claims that some 240 brands have signed up to make use of PowaTags and these codes may soon be appearing in magazines and newspapers in the coming months. QR codes have already established a strong position in advertising, but they are also beginning to become very popular in the mobile commerce space. These codes can be used to make mobile shopping more convenient and help consumers authenticate mobile payments.

Powa Technologies may be able to compete with the crowd of other startups that are working in the mobile commerce sector

While Powa Technologies has managed to win a great deal of support from various sources, there is still a significant amount of competition that the startup must overcome. Powa Technologies may not yet be ready to compete with the large companies that have entered into the mobile commerce field, such as Google, but it could edge out the numerous other startups that are seeking to provide mobile-centric services to consumers and businesses alike.

Mobile commerce accounts for 32% of all retail sales in the UK

| March 6, 2014

Mobile shopping has seen strong growth in the United Kingdom

IMRG Capgemini, a prominent retail industry association, has released a report highlighting the growing popularity of mobile shopping in the United Kingdom. Many consumers in the UK have begun to use their smartphones and tablets to shop online for products that they are interested in. These people also purchase these products directly from their mobile devices, taking advantage of discounts and other deals being offered by retailers. As mobile shopping becomes more prominent throughout the country, many UK retailers are evolving to accommodate a mobile-centric audience more effectively.

Consumers are showing favor for shopping for and purchasing products from their mobile devices

According to the report, mobile purchases now account for 32% of all online sales in the United Kingdom. Consumers have become quite comfortable with the concept of mobile commerce and have shown favor for the convenience that it represents. The report shows that the majority of mobile purchases have to do with apparel and fashion, but many people also use their mobile devices to shop for and purchase electronics and other sorts of products.

Tablets may become the dominant mobile shopping platform

UK Mobile Commerce - Retail SalesAn estimated 70% of the United Kingdom’s populace currently owns a smartphone or tablet. As mobile commerce becomes more popular, many consumers are reporting that tablets offer a more enjoyable shopping experience. Approximately 12 million tablet devices were sold in the United Kingdom in 2013 and many retailers are beginning to fashion their mobile commerce initiatives to cater to tablet devices specifically. Tablets may soon become the most favored mobile shopping platform, but smartphones currently boast of that honor.

Consumers remain concerned over the security of mobile commerce

While consumers have shown their eagerness to participate in mobile commerce, they have also expressed serious concerns. The majority of these concerns have to do with the security of their financial information. Mobile commerce, as a whole, is still quite new. This can mean that retailers and other groups participating in the sector have not yet come to fully understand the security issues that exist in this field.