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Mobile Commerce News Weekly – Week of August 24, 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 Connected Globe News Weekly
Also read Mobile Cyber Security News Weekly
Also read Mobile Health News Weekly
Also read Mobility News Weekly

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Mobile commerce grew 48 percent year-over-year to about $8 billion in the second quarter, according to data released by comScore and the U.S. Census Bureau. That's the fastest increase in mobile commerce since the first quarter of 2012.  Read Original Content

According to a study by research firm Ericsson ConsumerLab, Indonesians are the most frequent users of money transfer services when compared to Bangladesh and Vietnam. The study found over half of respondents in Indonesia have used money transfer services compared with 45 percent in Vietnam and 34 percent in Bangladesh.  Read Original Content

St George bank is set to utilize fingerprint recognition software on the iPhone S5 to bring quick and secure banking to mobile customers. Known as Touch ID, the biometric login will be the first of its kind for mobile banking in Australia, and will be rolled out for use on the iPhone 5S from September.  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/

Of 1000 US adults polled for the American Bankers Association by Ipsos Public Affairs, 31 percent say the Web is their preferred banking method, making it the most popular channel. However, this represents a sharp fall off from the 39 percent recorded in 2013.  Read Original Content

In June 2014 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
Many U.S. merchants that place mobile at the core of their e-commerce strategy are reaping big rewards. The 366 U.S. retailers in the 2015 Mobile 500, released by Internet Retailer, will reach m-commerce sales of $59 billion in 2014, up 74 percent from $34 billion in 2013.  Read Original Content

The number of Brazilians using mobile devices for purchase of products and services has skyrocketed with an 84.2 percent increase over the last 12 months, according to recent research by consultancy firm e-Bit.  Read Original Content

As mobile commerce becomes more popular, security is becoming a greater priority. Zumingo Corporation, a leading provider of security solutions, has announced it has become the first member of the Wells Fargo Startup Accelerator.  Read Original Content

According to data from ReportsnReports, the global near field communication market is anticipated to reach US $16.25 billion by 2022, growing at an 8.83 percent compound annual growth rate. Furthermore, it is suggested America has the greatest market potential for the near field communication ecosystem.  Read Original Content

Last year Gartner said transaction value of NFC had dropped 40 percent, citing “disappointing adoption of NFC technology in all markets in 2012,” especially with high-profile e-wallet services, such as Google Wallet and Isis, a credit card e-payment venture between AT&T Mobility, T-Mobile U.S. Inc. and Verizon Wireless.  Read Original Content

Provider of payment solutions, Oxygen, has announced the launch of its mobile wallet service, called the Oxygen Wallet, which provides users the ability to transfer money and buy gifts for family and friends with whom they are connected over social networks.  Read Original Content

A recent report from mobile advertising, analytics and monetization firm, Flurry, revealed female mobile consumers dominate the mobile gaming scene.  Read Original Content

A report by management consultant McKinsey and the Gates Foundation has forecasted mobile payments in sub-Saharan African could reach up to $16 billion in the coming years if current trends continue across the continent.  Read Original Content

Facebook announced it will start telling advertisers on what device people saw an ad and on what device they took an action, such as buying a product or signing up for a test drive, as a result of seeing that ad. That means Facebook will be able to credit mobile ads that lead to desktop sales and desktop ads that result in mobile purchases.  Read Original Content

Mobile advertising revenue jumped to $19.3 billion in 2013, nearly doubling its total from the year prior, according to a new report from the Interactive Advertising Bureau, IAB Europe, and research firm IHS. North America made up the largest share of the mobile ad pie at 41.9 percent, while Asia-Pacific was not far behind at 38.9 percent.  Read Original Content

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************************************************************************
Kevin Benedict
Writer, Speaker, Senior Analyst
Digital Transformation, EBA, Center for the Future of Work 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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More Stories By Kevin Benedict

Kevin Benedict is an opinionated Senior Analyst at Cognizant's Center for the Future of Work, SAP Mentor Alumnus, speaker, writer, and mobile and digital strategies expert. He is a popular keynote speaker, and in the past three years he has shared his insights into mobile and digital strategies with companies in 17 different countries. He has over 30 years of experience working with enterprise applications, and he is a veteran mobile industry executive. He wrote the Forward to SAP Press' bestselling book on enterprise mobility titled Mobilizing Your Enterprise with SAP, and he has written over 3,000 articles.

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