Years ago, transactions were taking a long time to be done because things were done manually hence it was very tedious. Technology is very dynamic because it changes within minutes. Out of this dynamism, there is a galore of things that are being manufactured day after day predominantly in mobile telephony and they make your everyday life better. Technology is beneficial because transactions are done very fast, efficiently and conveniently. Innovation is giving the mobile market a new facelift and that effect is being felt even in E-commerce through Mobile Commerce. For instance, the mobile phone manufacturers and the software engineers are cooperating to come up with applications that are helping many business firms to cooperate with their clients more effectively.
Applications Used in Mobile Commerce
Those applications serve as a platform whereby the clients interact with that firm and they also do business online. For instance, you can send and receive money from the comfort of you bed, car, office and everywhere as long as you have a phone that has that feature and capacity. You can also pay various kinds of bills like electricity bills, water bills, pay loans and even do bank transactions from anywhere with your phone. You can do that using an application or using the website through your phone’s internet browser. Mobile Commerce is enhancing efficiency, accuracy, speed and simplicity across all businesses hence a lot of profit is accrued.
International Trade through Mobile Commerce
Mobile Commerce has made it possible for a client who is in Australia to buy goods in Brazil. This is possible because of the internet and the applications that one uses to select the kind of goods that you want and then you pay for them right there and then you fill in your address. After that, the sellers ship the goods for you and they are delivered to you regardless of your location in the whole world. Transactions worth billions of money are being transacted across the globe via the mobile commerce platform. It is very easy, cheap and convenient because some years ago people had to book flights to diverse destinations around the world heading to various markets to buy or deliver what they wanted. Today you can transact a business worth millions of dollars with just a few key presses on your phone.
Mobile Phone Manufacturers Facilitating Mobile Commerce
Giant mobile phone manufacturers are in hot pursuit for recognition and reliability hence they are competing very hard by creating some of the most reliable applications that aim at enhancing Mobile Commerce. For instance, if you go to their application stores, you will find very many applications that have been purposely made for business. Nowadays even banks are cooperating with mobile network providers to enable the clients of those banks to access their bank accounts with their mobile phones. Upgrading of phones through innovation is playing a major role in simplifying Mobile Commerce because smartphones are much more reliable and compatible with the ever changing nature and versions of applications that are used to transact business.
To recap, Mobile-Commerce has simplified life by making transactions cheaper, faster, efficient, convenient and accurate where billions of money is transacted and huge profits realized.