According to CyberSource Corporation, a wholly owned subsidiary of Visa Inc., mobile commerce is exploding. It will climb to over USD70 billion by 2014 and become a bigger share of overall eCommerce — from 9% in 2012 to a projected 18% in 20141. The rapid adoptions of consumer mobile technology, coupled with the subsequent changes in consumer shopping behaviour, are attributed as primary drivers of mCommerce growth.
Many merchants enable their customers to shop through multiple channels — for example, buying via mobile and picking up in-store. While mCommerce is still nascent, careful monitoring of the mobile channel can help merchants maximise revenue while providing a positive consumer shopping experience.
CyberSource’s datasheet on mobile payment management trends in the past year offers insight into emerging mCommerce trends in relation to the merchant.
Click here to read the full report.
Barclays has signed contracts with six of the fintech startups that just graduated from its second New York accelerator programme.
Company card killer Pleo has raised $3m in new funding as it prepares for public launch in the UK and Denmark.
Cheques are become less and less common in the UK according to new research from global market research firm Mintel which claims contactless card use has overtaken cheque payments in the UK for the first time.
Payments for digital and physical goods made mobile operating system-based payments platforms like Apple Pay and Android Pay are expected to boom in the next few years according to new analysis from Juniper.