The Future of Wireless Commerce

It has been hyped for years – wireless" Travel information
commerce and the ability to make purchases from a" Tracking services (persons and objects)
cell phone or mobile device. However, wireless" Mobile search engines and directories Mobile office
commerce still hasn’t hit full stride in the US andMobile marketing - Mobile couponing
probably won’t have wide scale support and" Direct (context-sensitive) marketing
adoption for several years. The technology divide" Organization of mobile events
exists where the next generation of technology" Mobile newsletters
meets deployment challenges and delays. Carriers andMobile shopping
device manufacturers cannot agree on standards." Mobile purchasing of goods and services
And the biggest challenge that remains: waiting for
the industry to accept wireless commerce and let itMobile ticketing
have its own space to breath in the mobile" Public transport
ecosystem." Sports and cultural events
Over the last decade, text messaging services and" Air and rail traffic
mobile internet has quickly taken hold in the US. As" Mobile parking
of June 2008, the CTIA reports that in the US, overThese mobile commerce applications are currently in
75 Billion text messages are sent and received everyuse by retailers, banks and other companies. Other
month. To put that into perspective, in June 2000,wireless commerce applications are being tested
the number of text messages was just 12 million (notthroughout several markets in the US. Having a
billion). How and why did mobile messaging kick intomobile commerce application is only half the challenge.
full gear? Wireless carriers opened their networks toMany wireless carriers require approval for some
inter-carrier messaging that transmits messagestypes of m-commerce while others have to approve
between mobile communications networks regardlesseach campaign running across their network or
of technologies involved (CDMA, GSM, iDen, orpromoted in their storefront. These new campaigns
TDMA). This has lead to mass adoption to textand applications often require certification and testing
messaging and opened the door for mobile marketing.prior to acceptance.
Advertisers, retailers and other service businessesQuality of service and ease of use are often
have jumped on board to take advantage of mobileconsidered part of a carrier review. According to
marketing. Mobile marketing can enhance customerTelephia, 22 percent of consumers who encounter a
loyalty and reduce churn and as it becomes a popular"quality of service" problem when making a purchase
and sustainable revenue-generating medium, will alsogive up on the purchase. They also tend to register
force the carriers to take notice.their complaint with the retailer or their wireless
The complete mobile ecosystem includes networkcarrier. However, all is not lost. Those who can’t
operators, advertisers, technology and solutionsfinish the order process often complete their
providers, service providers and consumers who allpurchase in store or online and 17 percent stated
stand to benefit from wireless commerce. To applythey would try again later.
wireless commerce to everyday life, companies are"We have found that user testing and quality of
quickly developing new mobile commerce applications.service improvements are critical if we expect to
These applications and services are prepared to givefoster development of wireless commerce as a
a significant boost to the adoption of wirelesssustainable and formable business model," noted
commerce across the mobile ecosystem. Some ofDavid Geipel, President of US-based QWASI, Inc.
these applications include:"Companies have to create a user experience for
Wireless Commerce Applicationswireless commerce and m-commerce that supports
Mobile banking & Financial Serviceindustry growth."
" Mobile brokerageThe future of wireless commerce and m-commerce
" Mobile financial informationdepends on a number of players in the mobile
Mobile entertainmentecosystem to be creative and innovative. A solid,
" Mobile gamingreplicatible customer experience is vital to growing
" Download of music and ring tonesm-commerce throughout the next decade. As more
" Download of videos and digital imagesretailers and companies dip their toe into the water,
" Location-based entertainment servicesone thing is sure: the outlook for wireless commerce
Mobile information servicesis bright.
" Current affairs (financial, sport and other news)