Tag: united kingdom

Barlcays links India and the UK through mobile payments

| August 12, 2014

Barclays launches Pingit service in India to take advantage of the remittance market

Prestigious British creditor Barclays is launching a new mobile payment service between the United Kingdom and India. The financial organization sees promise in the mobile commerce space and has found some degree of success with its mobile payment services in the UK recently. India is currently the largest remittance market for the United Kingdom, with some $3 billion in payment volume reported in 2013. Barclays is working to make its Pingit service available in India in order to take advantage of the activity in the remittance market.

UK consumers show favor for the Pingit service and its ability to facilitate mobile payments

Pingit has been available in the UK for some time. The service allows consumers to spend money in a quick and efficient way using their smartphones. The service will have a similar function in India, and those using the service will be able to use nothing more than their phone numbers to transfer funds between the two countries. The benefit of the service is that neither those sending or receiving funds need to be a Barclays customer.

Mobile commerce continues to gain ground in India and the United Kingdom

Mobile Payments - BarclaysMobile commerce is becoming a powerful force in both the UK and India. Smartphone penetration in both countries is on the rise and more consumers are looking to take advantage of new services that cater specifically to a mobile audience. The demand for mobile payments services is on the rise and large companies like Barclays are looking to accommodate this demand.

Maximum payment that can be processed through the Pingit service is $2,000

According to Barclays, the minimum transaction that can be made for its Pingit service is $30. The maximum transaction is nearly $2,000. Mobile payments made through the service can take as long as 48 hours to process. After the payment is processed, those receiving funds will be able to use their money in any way they see fit. Pingit is currently one of the most popular mobile commerce services in the United Kingdom.

Mobile commerce is making major progress in Europe

| August 4, 2014

Report shows that Europe has become a hotbed for mobile payment and shopping activity

Idealo, a price comparison service based in Germany, has released a new report that highlights mobile commerce in Europe. The report has compiled information from 50 of Idealo’s partners across 6 European countries. The information involves mobile site traffic, the design of mobile shopping sites and applications, and the use of mobile commerce applications. The report shows that the United Kingdom, in particular, is seeing a great deal of activity when it comes to mobile shopping and payments.

United Kingdom leads the way in mobile shopping, with many retailers offering mobile-centric services and support

The report suggests that consumers in the United Kingdom have the greatest advantage when it comes to mobile commerce. Some 86% of shops in the country support mobile payments in some way, either physically or digitally. Many of these stores have websites that are optimized for mobile use and offer mobile applications that offer rewards to those that use them regularly. As such, the United Kingdom is leading the way in mobile commerce activity.

Other European countries fall behind due to the slow adoption of mobile commerce among retailers

Mobile commerce growth in EuropeFrance and Spain are also seeing a great deal of activity in their mobile space. Approximately 74% of the retailers in both countries are supporting mobile shopping. In other European countries, such as Germany, Italy, and Poland, mobile shopping is not yet fully supported. Some retailers have been slow to embrace the concept of mobile commerce because of concerns regarding security or the belief that mobile shopping is nothing more than a novelty that will loss popularity in time.

Despite progress, the mobile shopping space is still faced with many challenges that could be difficult to overcome

While mobile commerce is making progress in Europe, there are still many challenges to overcome. One of the most significant challenges has to do with how mobile websites are built. These websites are vital to engaging mobile consumers, but few retailers are designing responsive sites that provide consumers with a favorable experience. A poor experience can drive people away from mobile commerce.