M-Commerce


 The advent of new technologies in mobile applications has made possible M-commerce - a rapidly growing sector of e-commerce. Today it is more or less a way of carrying thousands and millions of retail shops in your pocket. M-commerce is the use of mobile phones to conduct any type of business transaction. M-commerce leverages on WAP technology and the e-commerce background.

Cedar Software Technologies, the prime web application development company Cochin brings to you an overview of M-commerce. Read on...

The use of wireless technology (WAP) to conduct sales of goods, provide services, make payments and other financial transactions, the exchange of information etc. is the basis of mobile commerce. M-commerce opens up so many windows of opportunities for businesses to use to their advantage. Many mobile app development companies in Kochi have started developing apps for M-commerce.


Here are some applications of M-commerce


Online store

You can buy goods and services through M-commerce. Premier Mobile app development company, Cedar Software Technologies develops effective mobile apps for online stores. 


Mobile Banking

You’ll be able to perform all your banking functions using a mobile website or application. This is taking online banking to the next level and has become popular nowadays. 


Mobile Ticketing and Booking

You can now make ticket bookings and receive your tickets on the mobile. After you make the payment the digital ticket or boarding pass is sent directly to your phone. 


E-bills

Mobile vouchers, mobile coupons can be redeemed and even loyalty points or cards systems can be introduced with M-commerce.


Stock Market Trading

You can easily do share trading on your mobile as all the reports and live trading is available through mobile apps.


Auctions

Nowadays mobile apps for conducting online auctions have now been developed.


Check out the advantages of M-commerce


  • M-commerce offers a very convenient and easy to use platform to conduct business transactions.

  • Mobile commerce has an extensive reach hence the market size is massive.

  • Businesses can use M-commerce to target customers leveraging on their location, service provider, the type of device they use and other such criteria.

  • Overall company expenditure can be reduced with the streamlined processes of M-commerce. It reduces transaction cost, carrying costs and order processing costs as well.


Disadvantages of M-commerce


  • Setting up an M-commerce business can be very expensive with the existing technology. A mobile app needs to be created & users need cellular data for doing transactions.

  • M-commerce depends heavily on reliability of mobile service providers.

  • M-commerce is not most suitable for data transfer.

  • Security concerns about the safety of the customer’s private information also needs to be addressed.


M-commerce is slowly picking up as newer and newer technologies are emerging in the digital space. It is going to be the rising star of the ecommerce world. By keeping in sync with M-commerce, business owners can beat the success trail. To create functional apps for your business, get in touch with us at Cedar Software Technologies, the top-rated mobile app development company in Cochin. 

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