If there is one trend booming in 2015 and one that has set the pace with the market is, Mobile Commerce! More precisely the mobile payments & Digital wallets! With the majority of mobile pay players, it is discovered that, various technologies support Smart phones and increase the opportunities for mCommerce payment. The evolution of mobile commerce is paving the ways and making online store owners flourishing with a plethora of great results. Not only the merchants, but also the online shopping buyers prefer to go with digital payment methods to have an efficient, time and money saving!
The paradigm shift in enabling mobile commerce is now a perk since it provides digital shopping spree and a luxurious experience to its customers. With several Mobile wallet payment options, businesses excel with pragmatic strategies to match the online payment trends. And to augment these methods, the core aspect of merchants is to go digital with high end technologies which emphasize on security, simplicity and control! The discovery of mCommerce payment has helped create meaningful offers which drive card holders at the online store.
But here the question is how safe the mobile commerce payments are! It is no denial that the digital world offers ease of making mobile payments with whatever they pick. Paying through smart phones is still a new idea in the technology era! If we compare it with home PCs, laptops and other gadgets, mobile smart phones are ahead with the market pace. Hence, it leads towards an intriguing matter of discussion on futuristic mCommerce payment methods and its security! From these many advantageous factors, there is also a possibility of having bugs in the mobile apps. The security factor plays a vital role here, as it has been advancing enormously; however, it is yet to hit a peak!
Being a technology enthusiast, alike me, many of us are eagerly observing the latest security trends as they unfold the myths over the next few years.
Well, since we have discussed the scenario of mobile commerce payments at length, then one thing not to be forgotten here is, “THE DREAM SHOP”! Yes, so have you ever thought of having an ideal shop? What have you dreamt about it? You don’t need to; because, your dream of having an ideal shop is no longer a dream now, it is a reality as it has been already created in the form of Mobile Point Of Sale (POS)! Big brands utilize it, even the enterprises of different sectors are moving further with this idea. And from now onwards, more and more often, the rest of online businesses are as well!
Mobile POS Does Wonders!
Yes, it does literally! Users can scan the tag by using apps on their smart phones and they will get access to all information about the product – color, size, cost and even the reviews! Beyond this, the information will be imparted on PCs or touch screens inside the stores! Moreover, users can have an access to diverse electronic checkout systems which allow buyers/users to pay online faster! The good news is, payment processes are automatic and easy! No need to wait in a queue anymore, just pay money in a jiffy and save your PRECIOUS TIME!
Looking at the functioning of POS, it seems that it is an ideal futuristic solution for mobile commerce payments. But should online stores introduce this solution? Is it really a safe approach in digital technology? It can be an amazing helping hand with infinite possibilities. It helps buyers unleash the online world. Is it significant for physical stores to introduce digital technologies? As we know most of the people are in the quest of online shopping options so that they can visit different stores from anywhere, at any time and try various products, but there won’t be any systematic method to purchase! Majority of buyers prefer to compare prices and products in order to get the best deals.
Nonetheless, if the internet is a competitive factor, physical POS can hit today’s market with key benefits. First is, they introduce products immediately, on the contrary to online shopping, where buyers have to wait for the product to be dispatched. This can be strong inclination to cut down the waiting time with “Self Check Out”! Second benefit is, the online store has their crew who offers different services. Buyers can ask for advice and help. Using POS, merchants can get information from the buyers and check the purchase history on handheld devices. This helps them adapt smart selling techniques. Third benefit is, Digital POS gives relevant product information to the consumers, but the human interaction can’t be replaced!
Local, Social, Mobile!
Mobile consumers utilize their devices to explore what is being offered and then visit the stores to some shopping. They go social as well. Social in terms of, exploring social media platforms to be aware about the best deals! However, the ultimate 1st step for merchants is to optimize the online presence for local search. Some proactive store owners have cultivated numerous smart solutions to make online shopping better, smoother and effective. They use Geofencing technology, which targets consumers inside the stores by sending them promotional offers on their smart phones. So, when the buyers are near particular area, they can come to know about the stores they look for.
In-Store Mobile Shopping & Payment
Ever thought of location based shopping on mobile? Luckily, there are different convenient methods readily available for “In-store mobile shopping”! Online store owners have come up with innovative business models which help enhance the mobile payment experience in their own stores. From above all payment revolutionary methods, it is very evident that the payment landscape has been changing fast in today’s digital world, empowering eCommerce stores and consumers whose expectations are transformed through digital wallets and mCommerce payment methods.
There is no wonder when you think globalized payments hit a record high in 2016 – and are foreseen to exceed the $14 trillion mark in 2016! On-the-move or on-the-go, the mobile commerce payment will continue to evolve in the coming years.
But will it really be robustly secured? Is mCommerce payment really benefiting the buyers and eCommerce store owners globally?
Is mCommerce Offering Futuristic Mobile Shopping Security To Its Buyers?