M-Commerce Report

M-Commerce

Introduction

The mobile experience is growing at a faster rate as the year passes and technology grows. In this year 2013, we can see how they will develop technologies related to mobile web and can provide new opportunities in the banking industry. The adoption of the mobile commerce and trading goes 8 times faster than the adoption of traditional web in the late 1990s. The rapid growth of mobile commerce means a strong interest and a clear willingness of consumers to explore new avenues. It also means new behaviors, new consumption patterns are also changing rapidly. So here are three trends to know when it comes to mobile commerce. The technology has contributed significantly in the acquisition of products and services. Already decades ago, large organizations formalize business transactions through integrations between systems. Today, these systems become more sophisticated and, through the internet, manage inventory supply chains of entire industries. These systems generate huge savings for industry and lower cost for consumers, part of the category business to business (B2B) electronic commerce (Tarasewich, 2003).

Discussion

The term m-commerce, or mobile commerce - one of the phrases that begin to occur more often in the pages of newspapers and magazines, but it is not widely received. The analogy with the word e-commerce (e-commerce) is not accidental, in fact, m-commerce - is its continuation, translation of e-commerce in mobile form. With the advent of e-commerce has become possible to make a purchase, a payment, to take part in the auction, without leaving your computer, unless it is connected to the Internet. Mobile commerce also makes the user more independent and not tied to a fixed device, providing all of the above features in the presence of only one mobile phone or PDA. This is very important for the business person: often a lot depends on the decision immediately, and it should not interfere with such factors as the inability to quickly processing the transaction or access to information channels (Barnes, 2002).

But do not think that it is only about business people. Mobile commerce can bring a lot of amenities that will be appreciated by all owners of mobile devices. So, the phone, keeping all their previous functions is also a means of identification of the owner, serves as a credit card, etc. Imagine a situation where a person needs to urgently fly to the other end of the country, and before the flight - just a few hours. Heading home to get ready, he can order a plane ticket and then pay it. Again, no need to rush to catch pre-register, this happens automatically when reading data from the phone. Who knows, maybe after a while such opportunities of the fantastic become ordinary (Siau & Shen, 2003).

Trends in M - Commerce

The coming years will continue to develop numerous mobile banking applications, as well as improve existing ones and will be launched various mobile wallet projects. Another trend reflected as NFC payments begin widespread in our country, motivated precisely by the ...