Future Disadvantages Of M-Commerce

Mobility has brought a huge difference in the IT industry. Most companies are dependent on doing business via mobile devices. Most individuals with mobile phones, this is their only connection to information and entertainment.(class notes) Every company is now looking to emerge on top by using the latest mobility features that are not only efficient, but also effective. Mobility will allow for easy access of company documentation, easy collaboration and communication between teams both here and also offshore. In this paper today I will write about Mobile payments and how it affects retail competitiveness and operations.

As their penetration and adoption of 3G increases, and as easy payment options and various apps for mobile phones are developed, m-commerce will take off.

This incorporates how web shopping has provided included value to clients as they can purchase items from any place on the planet and can pose as a viable rival costs in the worldwide business to get the best arrangements and discover the best items. Before all else when e-Commerce was beginning individuals were uncertain about the level of administration that they would get. From that point forward numerous laws have been made so that e-Commerce organisations provide service of an incredible level and clients can expect the same level of administration as they would do in a high road shop. Client point of view has likewise changed on security issues and simplicity of using e-Commerce sites. In the first place individuals were uncertain about utilizing their charge cards online yet from that point forward numerous individuals are trusting when paying online and huge numbers of the more established era now shop on there.

The continuous development of Internet leads to the growth of e-commerce. The electronic commerce is growing constantly due to the continuously increasing number of mobile and online users in the market, primarily the emerging markets. Besides that, the development of the Information Technology (IT), such as the advance of paying processes and the improvements of shipping method also the main reason to cause the growth of electronic commerce (John Ingham, 2015). Most consumers accept e-commerce as their feasible alternative in the purchase of goods and

E-Wallets: Smart phone with internet connection are the base for E-Wallets transactions. Both Merchant and user need smart phone technology to make payments. And with this mode a customer can buy products from grocery to airline

Currently available, but with expectations of large increases, are mobile pay methods which are becoming more convenient and more secure. Retailers need to offer mobile payment or be left behind. We have Apple Pay and Google Wallet. PayPal has an app that allows customers to “check-in” when entering a store. Users can then punch in their phone numbers and a code at the cashier station and the charge is put on your account (Williams). Chase Pay allows consumers to show a code to their cashier and their account will be billed. On the horizon are Bluetooth payments where customers don’t even have to take their phones out of their pockets or purses. More advanced mobile changes are predicted in the future, like the Bluetooth payments (Kearsley). The goal of mobile payments is to make the process quicker, easier and more secure.

Laudon & Traver defined mobile commerce (m-commerce) as "the use of wireless digital devices to enable transactions on the Internet". Mobile commerce transactions continue to grow, and it includes the purchase and sale of a variety of goods and services, online banking, bill payment, information delivery and so on. Internet access through mobile phones is growing profusely due to the convenience it offers. The ability to interact with consumers during their purchase decision, providing a great customer experience, is driving the rise of m-Commerce solutions.

To begin with, what is e-commerce? In a general term e-commerce is an electronic business that is done on the internet. There are different types of things that can be done on the internet, such as banking, fund transfer, advertising, buying, and selling goods. But one thing that stood me out the most is, how digital stores are taking away retail stores, and rapidly changing in many ways? But, my question leads to what will happen in next three to five years? Will it completely take away physical world e-Markets? Because, looking at the technology in past three to four years, it has improved day by day, and changed the working style of people. Such as Amazon, Facebook, PayPal, and other online business made people's life easier to buy and sell products from home. Although, having online company is a fantastic idea but, there are some advantages and disadvantages of online stores, and retail stores.

The scenario of eCommerce in India is still at nascent stage. At present, the success of E-Commerce relies heavily on the internet and mobile phone revolution which is expected to tranform the way products reach their customers. In countries like the US and China, e-commerce has already made substantial gains by achieving sales of over 150 billion USD in revenue. However, the industry in India is, still at its infancy. In spite of this, over the last few years, E-Commerce has grown considerably by over 35% CAGR from 3.8 billion USD in 2009 to around 12.6 billion USD in 2013.

Electronic commerce, commonly written as e-commerce is buying and selling of products and services by businesses and consumers over the Internet. Electronic commerce draws on technologies such as mobile commerce, electronic funds transfer, supply chain management, Internet marketing, online transaction processing, electronic data interchange (EDI), inventory management systems, and automated data collection systems. Consumers take advantage of lower prices offer by wholesalers retailing their products. This trend is set to strengthen as web sites address consumer security and privacy concerns. Due to the popularity of e-commerce there is a tremendous increase exchange of goods and services both regionally and globally. Now-a-daysit has become the virtual main street of the world. This online business refers to the E-commerce which is recently moved in to developing countries like India. Today, e-commerce has grown into a huge industry. This paper is outcome of a review of various research studies carried out on E-commerce. The present study has been undertaken to analyze the present trends of e-commerce in India & examine the challenges & opportunities of e-commerce in India. Keywords: E-commerce, recent trends, opportunities and challenges

Since the beginning of the smartphones era, they have been increasing their presence in our lives each time more becoming a special form of electronic payment (Gerhardt et al., 2010).

In the last few years, online shopping has secured consumer buying power with the help of mobile devices. According to an IBM report, mobile traffic accounted for 45 percent of all online traffic for the 2014 holiday season. We’re witnessing the next frontier of mobile ecommerce.

One new technology entering the market, especially in Asia and Europe, is mobile payments. Mobile payments, otherwise called M-payments, are made using mobile handsets or other devices, either to directly purchase or authorize payments for goods and services. The dynamic behind it is that suppliers of an array of products have made it possible for consumers to pay through their phones all their purchases. Although beneficent to

Wireless computing combined with Location-based application constituted an ideal platform for the formation of a various type of mobile business. Nowadays, a number of mobile consumers use their digital mobile network not only for voice and data transfer but it also as a mini electronic wallet. This is because we can store electronic cash, credit card information, ticket and so

M-commerce offers benefits such as quick access to time sensitive information and instant connectivity to the internet. It also enables businesses to offer personalized and localized content as mobile devices enable them to have access to consumer’s preferences, status and location. M-commerce plays a key role in expanding the audience of a business on a massive scale, especially in developing countries where most people access the internet on mobile devices because they cannot afford a PC.