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Mobile Commerce News Weekly – Week of February 9, 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.

Also read Enterprise Mobility Asia News Weekly
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India’s e-commerce business grew by 80 percent in 2013, according to Flipkart, one of the country’s leading e-commerce firms.  Read Original Content

MasterCard and Weve have now come together in a partnership that is designed to help the mobile payments market to clean itself up.  This new mobile payments partnership is a joint venture comprising of the three largest mobile operators in the United Kingdom: O2, Vodafone UK, and EE.  Read Original Content

Consumers already have a clear understanding of what they want, according to SAP's latest global study with Loudhouse Consultancy, an independent research agency based in London. More than one third (32 percent) of mobile users around the globe indicated they have purchased products using their devices in the last year.  Read Original Content

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According to eMarketer, mobile commerce or mCommerce constitutes $41.68 billion of the total $262.3 billion of ecommerce sales for 2013 or an increase of 68.2 percent from 2012 and accounts for 16 percent of total ecommerce sales. Read Original Content

Major Canadian bank, CIBC, has now partnered with a second largest wireless carrier in the country in order to broaden the availability of its mobile payments services to its customers who have NFC technology enabled smartphones. Read Original Content
According to the recently released LexisNexis® True Cost of Fraud Mobile Study mobile penetration in the retail merchant channel is rapidly growing. Nearly one in 10 merchants accepted mobile payments in 2013 – an increase of 50 percent per year since 2011. Twenty-five percent expect to begin accepting mobile payments in 2014.  Read Original Content

Germany and Palo Alto-based m-commerce platform Shopgate has made its first acquisition: The Creathor Ventures and Northcap-backed company has acquired Magento developer MagCorp. Read Original Content

Mobile penetration in the retail merchant channel is rapidly growing, according to a study conducted by LexisNexis and Javelin Strategy & Research. The survey found nearly one in 10 merchants accepted mobile payments in 2013, which represents an increase of 50 percent per year since 2011. Read Original Content

Despite Turkey’s economic struggles, good news is rolling in from its tech ecosystem. Pozitron, the mobile commerce technology company founded in 2000 by Fatih Isbecer, was acquired yesterday for $100 million, by Monitise, a leading UK-based mobile payment solutions company.  Read Original Content

Starbucks is experiencing a shift in leadership as it begins to focus more heavily on e-commerce and mobile payments. The company’s Chief Financial Officer has been moved to the position of Chief Operating Officer. This move will allow Howard Schultz, Starbucks’ Chief Executive, to focus on the expansion of the company’s mobile and e-commerce efforts. Read Original Content

Two years ago analysts at the Yankee Group estimated that by the year 2017, the total economic output of the m-commerce industry on an international scale would hit $2.9 trillion, but this month it was revealed this figure has been revised upwards to $3.1 trillion because of unprecedented levels of growth registered in the interim.  Read Original Content

Four out of ten smartphone owners have bought something direct from their mobile phone spending an average of £199 each in 2013.  Over half of shoppers had used their mobile device in stores, with 54 percent comparing prices online, 41 percent taking photos for future reference, according to Cheil Worldwide.  Read Original Content

Mobile commerce continues to be the bright spot for eBay as both Marketplaces and PayPal achieved record mobile results in 2013, each exceeding $20 billion in mobile volume. Total mobile commerce volume grew 88 percent with eBay reaching $22 billion and PayPal hitting $27 billion in 2013. Read Original Content

The iOS version of the Amazon app is now giving customers the opportunity to take advantage of Flow and augmented reality to help shoppers to be able to shop even faster and easier by scanning items in real life so that they will be able to instantly buy them from their own mobile commerce shelves.  Read Original Content

OpenTable, an online restaurant reservation service, has launched a new pilot program focused on mobile payments. The pilot program is meant to test the viability of using mobile payments as a way to allow consumers to pay for their meals quickly while dining out.  Read Original Content

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Kevin Benedict
Senior Analyst, Digital Transformation Cognizant
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***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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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.