M-commerce is constantly growing and not coming slow and not even showing any signs of settling down. A smartphone is a thing that is constantly increasing day by day.
People nowadays may not have the money for food, but they must have a smartphone. The increase in the sales of smartphones brings ease to our lives, whether it’s shopping, education, and entertainment. You can do any of these things on smartphones. With just one click, you can do anything, and this makes our lives very easy.
The trusted Apps like Google Pay and Apple Pay brought a revolution in the payment method. Although these platforms have a fair share of drawbacks, still it’s a better option to go after. Even the companies are trying their hardest to improve themselves with each passing day. Businesses can use the M-Commerce platform to increase their sales and revenue. You no longer need to carry heavy wallets, which is quite irritating, and also you have to be careful. These act as digital ID cards and help you prevent cash robberies. Carrying cash is always a headache. Mobile wallets are making our lives a lot easier and promote cashless transactions.
What is M-Commerce?
M-Commerce stands for Mobile Commerce. As a result, both buyer and seller no longer need to physically interact with each other for sending and receiving the money. In simple words, you can say that M-commerce or mobile commerce is the way of buying and selling goods via wireless devices such as smartphones and tablets. Since m-commerce is a form of e-commerce, it allows the end-user to access online shopping platforms without requiring a desktop computer.
- Internet Banking
- In-app buying/selling
- Shopping apps like Amazon allow you to pay with your digital wallets such as Apple Pay, Google Pay, Samsung Pay, and Android Pay.
- Online ticketing
Types of M-Commerce
You can surf online to buy things. This type of M-commerce deals with online surfing for Groceries, Essential, and Electronic Equipment. There are plenty of app-optimized websites available, and social media platforms like Insta or Facebook allow app purchasing.
Delivery App Purchasing:
You can avail of the food app-delivery service, and the e-commerce application allows you to pay through the app.
One best utilization of M-commerce is mobile phone banking apps that allow you online mods of transactions. With the help of a dedicated banking app, you avail all types of financial services. Even the Banks are now experimenting with offering customer chatbots and message delivery services.
Paypal and Google pay are two primary phases which are focusing on providing you payment transactions via apps. Moreover, All it requires is the user to add the card details and pay whenever they want to.
Apps like Netflix and Spotify offer content purchasing and rental services. In other words, you can enjoy content like Music and Video streaming on a monthly basis.
How is it Used?
In conclusion, There is a comprehensive application of M-commerce, and it can be categorized as mobile shopping, banking, and payment Gateway. Moreover, With mobile phone shopping, you can purchase anything from your mobile phone. Due to constant innovation in the IT industry, the mobile shopping apps in-app commerce, but the transaction is done via the native apps. Even the banks are using M-commerce, enabling them to do any type of transaction on their mobile phones.
In conclusion, trade-in banking apps are done via a secure and deducted app provided by the Bank. Digital Wallets like Apple Pay and Google Pay allow you to pay the bills without swiping the card in the machine or paying with physical cash.