• EBay Pushes Payments System
    Leading online retailer eBay has been putting more focus on the mobile sector in recent years. Much of the company's efforts in the mobile field are being handled by PayPal, but eBay has also been flexing its own proverbial muscles in the mobile space, hoping to promote mobile payments among young adults. eBay's Venmo peer-to-peer payments application has seen strong growth recently among this demographic, which suggests that the company's efforts may be paying off. Venmo has become quite popular with young adults on college campuses. Many people are using this application to settle debts among one another or split …
  • Alibaba IPO Raises Questions on Alipay
    The wait is over - Alibaba has officially filed for an IPO with the securities and exchange commission (SEC). The Chinese e-commerce juggernaut's IPO is expected to be one of the largest, if not the largest, public offerings in history. Analysts are projecting the the IPO will raise between $15-$20 billion. To be the largest filing in history, Alibaba would have to beat Visa's 2008 record from its IPO- $19.7 billion reports Reuters. And according to the Wall Street Journal today, analysts estimate that the market may place a value on Alibaba of between $136 billion and $250 billion making …
  • Swipe-to-Judge App Launched for Fashion
    Kwoller is taking the swipe-to-judge gesture that's been popularised by dating app du jour Tinder and applying it (initially) to women's fashion. Swipe left if you hate the shoes, right if you love them enough to buy them. Rinse, repeat. The main competitors to Kwoller are not just other shopping apps, say co-founder Tim Bernal - rather it's competing for attention with the likes of Instagram and Twitter and Facebook, hence its focus on speed and sticky simplicity. If you swipe right an item is added to your 'love list' and the Kwoller koala mascot (selected because koalas are famously …
  • B2B Mobile Commerce Activity Lags
    Consider the typical B2B buyer: following a hard week at the office, she goes home, maybe binge watches the latest season of House of Cards and spends hours in a consumer's paradise of fun, engaging, anytime, anywhere shopping experiences. On Monday morning, she heads to the her shop, and after her second cup of coffee kicks in, she decides to refill the stick with the required supplies and inventory for the next couple of months. Does she start calling vendors for pricing? Browse the stack of print catalogs collecting dust on her bureau? Maybe fill out an internal procurement form? …
  • Grocery Chain Adds Mobile to Rewards Program
    Cub Foods has upped its mobile and digital initiatives around its My Cub Rewards program so that consumers can find and redeem deals more easily. Cub Foods has added additional mobile and digital coupon options to its iPhone and Android application that can be redeemed in-store. My Cub Rewards members can load coupons and offers that they find online or via the company's app directly onto a virtual loyalty card. "At Cub, we are always looking for ways to make the shopping experience faster and easier for customers," said Luke Friedrich, spokesman at Cub Foods, Stillwater, MN.
  • Nordstrom Merges Flash Sale Site with App
    Nordstrom has launched nordstromrack.com, a new e-commerce site and mobile app, built on a shared platform with HauteLook, Nordstrom's flash sale business. The new site gives customers access to shop Nordstrom Rack merchandise alongside HauteLook's signature flash sale events. The site experience is designed to offer an integrated way for customers to browse and buy merchandise either through Nordstrom Rack or through limited-time, limited-inventory flash sale events powered by HauteLook. Customers are able to shop both sites through a single login, shopping cart and can combine items into one easy checkout. "Our customers have been telling us for some time …
  • Fashion Shop Aims for Quick Mobile Shopping
    Manish Chandra took a big bet on mobile when he launched Poshmark in 2011. The Silicon Valley-based fashion re-commerce shop opened its virtual doors exclusively on an iOS app. So far, Poshmark's enabled the sale of 1.5 million products solely on mobile, and the company says its users upload $1 million worth of new merchandise daily and raised over $16 million in funding from Uber investor Shervin Pishevar, celebrity stylist Rachel Zoe and Ashton Kutcher's A-Grade investments. Though Kutcher's involvement doesn't necessarily spell success even lack of a Midas Touch can't stem the tide of people using the device in …
  • Payments Projected to Push Mobile Commerce
    Mobile commerce continues to gain momentum throughout the world as society becomes more reliant on mobile technology. Consumers around the world are beginning to use their smartphones for nearly everything in their daily lives and new generations are coming up steeped in technology of all kinds. This is promising for the mobile commerce market as smartphones are having a sort of revolutionary effect on global economics as well as how people interact with one another and the world around them. MarketsandMarkets, a provider of market research reports, has released a new report concerning the future of the global mobile commerce …
  • Mobile Commerce Firm Targets 15 Million Users
    Mobile commerce firm Paytm is targetting a user base of 15 million by the end of this year on the back of growing smartphone market. "We currently have 7 million subscribers using the application on their smartphones and are targetting to have 15 million by the end of this year," Paytm Founder and CEO Vijay Shekhar Sharma told PTI. The company which started by offering mobile recharge and utility bill payments is now offering a full marketplace to consumers on its mobile application available on iOS and Android operating systems. The application will be available on Windows phones by June …
  • Qualcomm Grows Payments Portfolio
    Qualcomm has been into expanding its payment portfolio through various technological and business initiatives: In December 2012, it upgraded its NFC technology to make it into an ultra-low power consumption product. v In December 2013, Gimbal, the company's beacon brand, was launched and later was positioned well into the market through Qualcomm's Retail Solutions with retail companies like Suja adopting it. v In 2008, the company tied up with Obopay to develop mobile payment solution for the BREW solution. v Currently, in 2014, the company is in the phase of acquiring Firethorn, the m-banking enabler. The NFC upgradation was accomplished …
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