Tag: us mobile commerce

Forrester Research predicts healthy growth for US mobile commerce

Forrester Research, a leading market research firm, has released a new report concerning U.S. mobile payments and the growth the sector is expecting to see in the coming years. Mobile commerce has begun to gain momentum throughout the U.S., largely due to the increasing number of NFC-enabled mobile devices and the rapid adoption of mobile commerce being seen among retailers. Consumers have expressed their interest and willingness to participate in mobile commerce, pushing mobile payments to reach new heights.

Report forecasts mobile payments to reach $90 billion in 2017

According to Forrester Research, mobile payments in the U.S. will reach $90 billion by 2017. The firm predicts a 48% compound annual growth rate over the next two years. The firm expects in-store mobile payments, general mobile commerce, and peer-to-peer transactions to be the driving factors behind this healthy growth. The report notes that a strong focus on mobile commerce coming from numerous companies spread across equally numerous industries is raising awareness of mobile payments among consumers. These consumers, in turn, are discovering mobile commerce services that fit their needs and make use of these services extensively.

Retail industry to play major role in growth of mobile commerce

Forrester Research expects to see significant progress made in mobile commerce come from the retail industry. Over the next five year, the firm forecasts that retailers will put more focus on mobile commerce, potentially seeing major benefits from doing so. During the 2012 holiday season, retailers saw major gains from their focus on mobile commerce, with Black Friday and Cyber Monday producing a great deal of profit for many of the country’s large retailers.

Holiday season places momentum behind mobile commerce

The success of mobile commerce during the 2012 holidays generated a great deal of momentum, encouraging retailers to continue or increase their focus on mobile consumers. While retailers are expected to face significant challenges in the years ahead, most of which will come in the form of competition with other retailers, Forrester Research expects that the industry will continue seeing positive results in regards to mobile commerce.

Spindle announces partnership with Integrated Payments

Spindle, a leading provider of mobile payment services, has announced that it has teamed with Integrated Payments, a company that specializes in point of sale and mobile commerce technologies for merchants. The two companies have signed an agreement that will combine Spindle’s mobile commerce platform with the technology developed by Integrated Payments. The two companies hope that the new venture will provide merchants throughout the U.S. with a more efficient way to accept mobile payments from consumers.

POS solutions growing in demand among merchants

Becoming more accommodating to mobile payments is quickly becoming a serious issue for the retail industry, as well as other businesses. More consumers are taking to their mobile devices to make payments for goods and services. Reaching out to these consumers through e-commerce gateways and mobile websites has, thus far, been an effective means to offer service and procure business. The demand for being able to make mobile payments at actual stores is growing, however, and merchants are facing a rising need to address this demand with point of sale systems.

Spindle and Integrated Payments to leverage strengths of each other to reach markets

Through this new partnership, Spindle will be able to take advantage of the powerful relationships Integrated Payments has formed with merchants and vendors throughout the U.S. Integrated Payments will also benefit from the partnership as it will be able to expand its mobile commerce portfolio by offering merchants new services that are focused on mobile commerce. Together, the two companies may be able to establish a foothold with merchants in the U.S. and compete with larger companies, like Google, that have been investing heavily in mobile commerce.

Mobile commerce gaining serious attention

Mobile commerce is moving beyond the fringes of the retail industry. More companies are seeing the potential benefits of becoming more accommodating to mobile consumers and have begun taking mobile commerce more seriously. Spindle and Integrated Payments are keen to position themselves to be ready to serve a wider range of merchants when more businesses choose to adopt mobile commerce systems as a way to meet the needs of consumers.