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Mobile Commerce News Weekly – Week of August 10, 2014

The Mobile Commerce News Weekly is an online newsletter made up of the most interesting news, articles and links related to mobile commerce and marketing, mobile payments, mobile money, e-wallets, mobile banking, mobile ads and mobile security that I run across each week.  I am specifically targeting market size and market trend information.

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According to ReportsnReports.com, the total NFC Market is expected to reach $16.25 billion by 2022 growing at 8.83 percent compound annual growth rate. This market is expanding globally and the major market for the NFC ecosystem lies in America.  Read Original Content

In June 2013 mobile transactions represented 3.8 percent of the total e-commerce pie in Brazil — by June 2014, that number had gone up to seven percent.  During that period, 2.89 million transactions were carried out, the equivalent to R$1.13 billion ($497 million), according to the report WebShoppers by consultancy firm e-Bit.  Read Original Content

According to mobile commerce platform Branding Brand’s latest Mobile Commerce Index released this week, smartphone revenue increased 97.6 percent year-over-year to $18.2 million from July 2013 to July 2014. Read Original Content

The cost and time to mobilize enterprise applications can actually meet or exceed the original cost and time to implement those systems. In their new report, “StarMobile Transforms Enterprise Apps into Mobile Apps”, 451 Research details the advantages of StarMobile’s app development tool and how it can drastically reduce the cost and time to mobilize enterprise applications. Download report here: http://starmobileinc.com/report-451research-starmobile-transforms-mobile-apps-into-enterprise-apps/

Smartwatch shipments have grown 400 percent year-on-year, based on figures for Q2 of 2014, a report has shown.  The figures come from Strategy Analytics’ Global Smartwatch OS Marketshare report, which cites Samsung’s Tizen OS as a driver for the immense growth the market has seen.  Read Original Content

The U.S. Federal Trade Commission has released a new report focused on the mobile commerce space. According to the report, mobile commerce applications lack the mechanisms necessary to resolve payment disputes coming from those that use them. These applications may also be unable to adequately protect their user’s privacy.  Read Original Content
According to a recent survey from Intercede, half (53 percent) of UK consumers said they would never use mobile banking services, while many avoid using any mobile financial services at all – including Paypal, money transfer apps and even accessing shopping websites via phone.  Read Original Content

Smartphone-generated revenue was up by 97.6 percent in July when compared to the previous year’s numbers, according to Branding Brand.  Read Original Content

We've reached a tipping point in how consumers access e-commerce sites. Nearly 25 percent of e-commerce site visits in the U.S. during the first quarter of 2014 came from smartphones, up from approximately 18 percent for the whole year 2013, according to data from Custora, compiled by BI Intelligence in the chart below.  Read Original Content

One in two Americans now turn to digital devices as their primary method of banking, according to a study from Bank of America. The report explores broad mobile trends and banking behaviors among U.S. consumers.  Read Original Content

First National Bank has forecast Zambia’s mobile banking space could grow by 62 percent this year.  Read Original Content

Banks have strongly increased their investment in mobile banking technology this year, according to a recent American Banker poll.  More than two-thirds (68 percent) of bankers said they're spending more on the channel this year than they did last year; a fifth (20 percent) say they've increased spending by more than 50 percent.  Read Original Content

According to an Idealo report, consumers in the United Kingdom have the greatest advantage when it comes to mobile commerce. Some 86 percent of shops in the country support mobile payments in some way, either physically or digitally.  Read Original Content

A BankChoice Monitor survey of people shopping for new banking relationships found 63 percent of females want their new bank to provide mobile banking compared to 58 percent of males. Read Original Content

American Banker found 68 percent of banks are spending more on the mobile channel than they did last year; 20 percent have increased their spending by one-half over 2013; and 33 percent have boosted their mobile banking budget by 11 to 50 percent.  Read Original Content

According to a Digi-Capital report, mobile revenue will grow by 300 percent over the next four years, reaching $700 billion globally by 2017. The majority of this growth will come from mobile commerce.  Read Original Content

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Kevin Benedict
Writer, Speaker, Editor
Senior Analyst, Digital Transformation, EBA, Center for the Future of Work Cognizant
View my profile on LinkedIn
Learn about mobile strategies at MobileEnterpriseStrategies.com
Follow me on Twitter @krbenedict
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Recommended Strategy Book Code Halos
Recommended iPad App Code Halos for iPads

***Full Disclosure: These are my personal opinions. No company is silly enough to claim them. I am a mobility and digital transformation analyst, consultant and writer. I work with and have worked with many of the companies mentioned in my articles.

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More Stories By Kevin Benedict

Kevin Benedict is the Senior Analyst for Digital Transformation at Cognizant, a writer, speaker and SAP Mentor Alumnus. Follow him on Twitter @krbenedict. He is a popular speaker around the world on the topic of digital transformation and enterprise mobility. He maintains a busy schedule researching, writing and speaking at events in North America, Asia and Europe. He has over 25 years of experience working in the enterprise IT solutions industry.