M-commerce

M-commerce

What is M-commerce?

The mobile phone has been a connecting technology of immense impact on human life. When the mobile device is used for financial transactions - buying, selling, or transferring, then you have m-commerce. And while many people lack access to banking, especially in the less prosperous markets, they do have mobile phones and are using them to improve their lives.

Facts and figures

  • M-commerce is set for major growth and is expected to process over $800 billion globally by 2016
  • Up to 2.5 billion adults are financially excluded (Source: UNDP)
  • There are 6 billion mobile subscriptions in the world (Source: Ericsson Traffic and Market report)

In-depth information

Here's what we're saying about m-commerce

http://www.ericsson.com/m-commerce/

ConsumerLab study on m-commerce

Africa embracing m-commerce

The mobile phone brought a new dimension to the economic life of Sub-Saharan Africa. A new ConsumerLab report examines how this dynamic region is embracing a new generation of m-commerce services.