Tuesday, June 30, 2015

Around The Net

  • 46% of Online Purchases Now Mobile in MarketShopSafe.UK

    The UK is turning into a leading light when it comes to mobile shopping, with 46 per cent of all online purchases now carried out via smartphones or tablets, according to a new report from Criteo. This means that only Japan has a higher rate of m-commerce usage, allowing the UK to overtake other countries, such as South Korea, to take second place. Moreover, it looks like British consumers love carrying out safe shopping online from their portable devices so much that the proportion of people doing so may soon overtake the current frontrunner. This is because the UK was ... ...Read the whole story

  • Barclays Bank Holds Out on Apple PayMobile Commerce Daily

    As Apple Pay gears up to launch in Britain in July, Barclays Bank – one of the region’s major financial institutions – remains an important holdout while ramping up its own wearables-based contactless payments strategy. Barclaycard first introduced the bPay wristband last year and is now adding a key fob, a sticker that can be adhered to a smartphone or other flat surface and a mobile application, enabling users to make and manage contactless payments. While the financial institution is angling for a dominant role in Britain’s emerging mobile payments market, the strategy could be hampered by restrictions on the ... ...Read the whole story

  • Amazon Catches Up to FlipkartThe Hindu Business Line

    As e-commerce players battle it out for buyers’ attention, Amazon India has caught up with Flipkart and overtaken Snapdeal in terms of monthly unique visitors in May. According to data from Internet analytics firm comScoreData, Amazon India had 23.6 million unique visitors in May, edging past Flipkart narrowly. While Flipkart saw 23.5 million unique visitors, Snapdeal had 17.9 million in May this year. An annual comparison shows that Amazon has seen over a 142 per cent jump in the number of unique visitors since May 2014 while for Flipkart, it’s nearly 80 per cent surge. For the same period, Snapdeal ... ...Read the whole story

  • Largest Mobile App Market Growth Found in IndiaThe Times of India

    As Indian mobile app usage outpaced global app usage, mobile app usage in India grew 131 per cent, as per Yahoo's latest report. Growth in app usage far exceeding its global peers, driven by country's obsession with mobile app shopping, which contributed to 19 per cent of their time spent on their smartphones (second only to gaming, which took 25% of user's time). App growth in Asia stood at 77 per cent. "The shift from e-commerce to m-commerce is accelerating, with Indians engaging wi ..  ...Read the whole story

  • Alibaba Looks at Targeting Another $600 Million to CommerceValueWalk.com

    Alibaba is close to pouring in another $600 million for 20% stake in Indian firm One97 Communications, which owns and operates the rapidly-growing mobile commerce platform Paytm. In February, Alibaba's financial arm Ant Financial picked a 25% stake in Paytm. If the deal goes through, Alibaba will own 40% stake in One97, emerging as the largest stakeholder in the Indian startup, two sources familiar with the negotiations told Reuters. The latest funding round would value Paytm at close to $4 billion on a post money basis. An inside source told The Economic Times that Paytm will be Alibaba's play in the fiercely competitive Indian e-commerce market. The Chinese ... ...Read the whole story