In Asia-Pacific, 79.7% of the regionвЂ™s total eCommerce sales are done via mobile. As of May 2021, it makes up 65% of total retail eCommerce sales worldwide.Д«ut some regions are adopting it faster than others. MCommerce has captured a significant portion of global eCommerce sales. In other words, mCommerce is a branch of eCommerce that allows people to buy and sell goods from almost anywhere with a mobile connection. Mobile Payments: This includes mobile wallets, contactless payments, money transfers and mobile point-of-sale.Mobile Banking: Like online banking, but usually in the form of a dedicated mobile banking app that allows for on-the-go access to your accounts.This includes dedicated shopping apps, websites designed for mobile use, and even social media platforms that have built-in shopping features. Mobile Shopping: eCommerce thatвЂ™s optimized for mobile.The Three Types of mCommerceДЇirst things first-what exactly is mCommerce? ItвЂ™s essentially any financial transaction done on a mobile device. This graphic from Logiq provides a snapshot of the mCommerce landscape, and how companies can capitalize on this rapidly changing retail environment. By 2025, mCommerce is expected to double its share of U.S. In fact, as of 2021, there are more mobile connections than people on the planet.Д«ecause of this, the mobile commerce (mCommerce) market is expanding fast. Cellphones are becoming increasingly more prevalent across the globe.

Install one mobile market