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Retail

Mobile commerce sales to double to 700 billion dollars by 2025

If there is any doubt consumers are doing most of their shopping on smartphones, new research from eMarketer projects sales will double to 700 billion dollars by 2025. Another report from Mordor Intelligence states that the mobile commerce market is expected to register an annual growth rate of 27 percent between 2021-2026. High tech and...

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Business

Samsung follows Apple with launch of mobile payment in China

South Korea's Samsung Tuesday announced the launch of its mobile payment service in China, where it is likely to struggle in an already crowded market that arch-rival Apple entered nearly six weeks ago. “We are pleased to be partnering with CUP to bring Samsung Pay to China,” said Injong Rhee, EVP and Head of R&D, Software and Services of Mobile...

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Retail

Indian e-tail market to reach 100 million customers, 15 billion dollars

That online shopping in India has a huge growth potential in view of a growing middle class and tech savvy consumers is no secret but now it's official: According to Google’s annual Online Shopping Growth Trends report, there will be 100 million online shoppers in India by 2016, spending an estimated 15 billion US dollars. Compared to just four...

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