20.08.2015 @ 14:13

Mobile Commerce Growing Globally

ID-100229306Global mobile commerce is on the rise says a new report from Internet Retailer.

Entitled Mobile 500, the report shows that the largest 500 e-retailers will grow mobile sales (via smartphones and tablets) by 68% in 2015.

Most of these sales will take place in America, but much of the growth is happening globally.

The report shows that this year in the US alone, the largest 378 mobile merchants will grow sales, generated by smartphones and tablets, by 36%, creating total revenues of $88.4 billion. This is twice the growth achieved in the first quarter of the year.

But as the report concludes, the US do not have it all to themselves. The bulk of the mobile commerce growth is coming from Latin America, China and Europe. Of the 114 merchants in these regions which make up the Mobile 500, these will grow mobile commerce by 144.6% ($66.4 billion).

Latin America and Europe are also out-pacing the US in terms of mobile commerce. Seven merchants based in Brazil, Chile and Mexico are this year set to increase mobile revenues by nearly 60%, some $1.4 billion.

The report highlights the fact that eBay figures are not included in the Mobile 500 calculations, because it is regarded as selling other people’s goods, not their own. If they are included in the figures, then a further $15.3 billion sales are added and altogether, mobile commerce will account for nearly 30% of the e-Commerce market in the US, up from 25% last year.

About allpago 

allpago international is the leading payment provider for the LATAM region. allpago provides the most relevant local payment methods through one API and one single platform. Allpago offers the best conversion rates ensuring state-of-the-art technology and legal advice necessary for a successful e-Commerce operation in Latin America.

allpago enables start-ups to Fortune 500 companies to offer the necessary local payment methods in the Latin American market, which account for around 80% of their revenues. Current clients include Art.com, Getty Images, Intel Security McAfee, Norton Symantec, Paylogic, Sumup, Teamviewer and many other leading payment and digital companies.

Reference: Internet Retailer

Image courtesy of patrisyu at FreeDigitalPhotos.net

This site uses cookies. By continuing to browse the site you are agreeing to our privacy policy.

OK