1. It’s a global trend.
Mobile commerce consists of two categories: mobile financial services and mobile CRM. Due to limited payment methods and limited access to the internet, emerging economies tend to use mostly mobile payment and money transfer services. Developed economies, on the other hand, tend to embrace mobile banking services as an entry point into mobile financial services.
Here are two examples that illustrate global adoption of mobile commerce. Since it launched in Kenya in 2007, M-PESA, a mobile payment service offered by Safaricom, a Vodafone affiliate, has 13 million registered users and handles mobile transactions valued at $400 million each month.
ABI Research estimates that North American sales of physical goods purchased via a mobile device exceeded $1 billion in 2010. That is a 33 percent increase over its 2009 forecast of $750 million.
A report by Juniper Research predicts that mobile payments will reach $600 billion globally before 2013. Some regions, though, are more mobile than others. In a 2010 survey, the Asia-Pacific region consistently ranked ahead of EMEA and the Americas in reported use of mobile communities, mobile banking, vouchers and coupons sent to a phone, and other mobile commerce services.
2. It’s catching on across industries.
Mobile commerce services make it possible for people to perform everyday financial transactions, like paying for parking, from their mobile phone. People who previously had no access to financial services are able to save money, send money between family members, and pay merchants for goods and services with their mobile phone.
Industries outside of the financial sector have also been integrating mobile commerce. Utilities companies update customers on their consumption and enable them to pay bills. Restaurants, hotels, and cinemas provide mobile reservation and booking services.
The retail industry makes use of end-to-end mobile commerce services: from mobile marketing and awareness campaigns, to mobile loyalty programs, vouchers, and surveys, to mobile point-of-sale technology.
A 2010 survey by Sybase makes clear that customers are willing to purchase services that deliver added value, such as official emergency alerts or special offers and coupons from a favorite retailer.
5. It’s available at SAP.
SAP provides end-to-end mobile commerce solutions through Sybase 365 Mobile Services. Many of these solutions are mentioned throughout the Mobile Commerce Guide 2011. Here, we give you the full list:
- For transactions: mBanking; mPayment; mTopUp; mRemittance
- For engagement: mCRM
- For analytics: Data management; Analytics and reporting
- For marketing: Messaging services; Subscription services; Advertising services
For more information on how Sybase 365 Mobile Services work, check out this video.
Go here to download a free copy or to request a print copy of the Mobile Commerce Guide 2011.