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What is mCommerce? Definition and types of Mobile Commerce

Rise of buying mobiles and progress over the desktop giving mCommerce a taste of success. This article is a definitive guide for businesses regarding mCommerce.

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mCommerce

These days where we were hooked with the internet and sat on a stool collapsed with time. The demand for eCommerce and mCommerce is at the peak—the rise of buying mobiles and progress over the desktop giving mCommerce a taste of success. This article is a definitive guide for businesses regarding mCommerce.

If we try to differentiate between eCommerce and Commerce, it is quite impossible, but some things can be pointed out. If you are growing up a business, it is the right way and procedure to reach people’s door by knocking on the door with mCommerce with an app development company. 

Mobile Commerce is a type of transaction that might be done with a smartphone, tablet, or wearable device. Even during this pandemic, usage of mCommerce has got its height. It is mainly utilized for disclosure of brand-new-industries and services —to enrich in new directions.

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For example,

  1. Mobile banking
  2. Online shopping
  3. Ticket booking
  4. Money transfers, contactless payments, in-app payments
  5. Mobile marketing
  6. Location-based services

If you cannot connect your business ideas and sell products through mCommerce, you have to step backward in the rat race. You may also have noticed that nowadays people are interested in the mCommerce as a handful of people don’t have mobiles. It is relatively easy and straightforward using mCommerce while using a desktop site can create difficulties that are not too easy to handle.

Mobile Commerce permits companies to interrelate with consumers because the usage of apps and services targets audiences already know and like to use. By adding smooth and secure payment methods, customers get a wide range of buying and selling options that smooth the services process. Modern payment procedures like Amazon Pay, Goggle Pay, Paytm, PhonePayn, etc. help ordinary people. 

I can show some statistics that can ensure you about the vast benefits of mCommerce:

  • Offer many payment options
  • Push advertising, direct marketing
  • More efficient and extensive service offered
  • The internet is going on mobile
  • Can be easily setup
  • By 2021, mobile commerce sales will get a height of 54% of total eCommerce sales.
  • One-third of customers are making a purchase influenced by going through exciting products on mobile devices.
  • More than half of retailers have opened a mobile app.
  • The total number of U.S. shoppers making mobile purchases can reach 168.7 million.

The truth about this eCommerce is that the application offers various leads to companies and users. Here I have some reasons why your business needs a mobile app.

  1. We are all familiar that eCommerce made our life so easy and straightforward. Due to this, it became so much renowned. You can surf through a vast range of products, reviews, and benefits at a competitive price without taking stress. It’s looking too easy to purchase products online. Just for the coming of mCommerce, online trading options are simplified at a glance.

We don’t have to use a desktop or laptop for online marketing. One can buy anything from anywhere, in a single word that one-tap-solution. To boost up user interface and experience in mobile Commerce, they use innovative solutions.

  1. An Omnichannel has worth for multiple purchasing options, whether it may be online and offline both. Online marketplaces like Amazon, Flipkart, and social media channels like Facebook and Instagram are good and well-established platforms to sell or buy something. The companies have to make strategies based on market demand and also have to look at customers.
  1. Secure and new payment solutions attract users every year. A broad range of payment options makes the purchasing smoother. It doesn’t mean that we are lagging behind our credit cards or cash and taking advantage of security solutions.

Conclusion

These are three types of mCommerce apps that are mobile banking, mobile shopping, and mobile payments. If we are talking about the apps, we can see some examples like Amazon, Uber, Google pay, Yono, etc. And thus, a bright, prosperous future is already fetching towards the mCommerce.

Even nowadays, users who are buying a product look for it in their mobiles first. You can choose a reliable mobile app development company in Jaipur for developing remarkable mCommerce apps for your purpose at quite affordable rates.

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Mona Patel Net Worth 2024: How Much is the Entrepreneur and Philanthropist Worth?

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Mona Patel Net Worth 2024: How Much is the Entrepreneur and Philanthropist Worth?

Who is Mona Patel?

Mona Patel, a renowned entrepreneur and philanthropist, has captured headlines with her remarkable achievements. Hailing from Vadodara, Gujarat, India, Patel embarked on her journey to the United States at a young age to pursue her entrepreneurial aspirations. She is a trailblazer in various fields, including business, education, and philanthropy. Her dedication to empowering women and supporting meaningful causes has earned her widespread recognition.

Mona Patel Career

Remarkable achievements and relentless dedication mark Patel’s career trajectory. She holds an impressive array of qualifications, including a Bachelor of Science degree in Computer Science from Gujarat University, a Master of Science degree in Real Estate and Finance from the University of Florida, and a Master’s degree in Business Administration from MIT Sloan School of Management, among others.

Her professional journey includes pivotal roles in esteemed organizations such as Creative Choice Group, Select Radiology, Monalisa Properties, Teliradx, HauteX Ventures, M1 Imaging, CareFirst Imaging, Culture For Cause, and RadXai. As the Co-Founder, CEO, and CFO of various ventures, Patel has demonstrated exemplary leadership and innovation, contributing significantly to the business landscape.

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Mona Patel’s Net Worth

As of 2024, Mona Patel’s net worth is estimated to be approximately $1.2 billion. This substantial wealth is a testament to her entrepreneurial acumen and strategic investments across diverse sectors. Patel’s multifaceted business ventures have not only propelled her financial success but also enabled her to make a meaningful impact on society through philanthropy and social initiatives.

Mona Patel Age

Born on April 28th, Mona Patel’s age aligns with her dynamic personality and visionary leadership. As a Taurus by zodiac sign, she embodies qualities of determination, resilience, and creativity, which have been instrumental in her journey to success.

Mona Patel Family: Husband

In her personal life, Mona Patel shares a fulfilling relationship with her husband, Chintan Desai, a successful businessman. The couple exchanged vows on November 29th, 2007, and their enduring bond is evident through their cherished moments shared on social media.

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Mona Patel Height and Weight

While specific details regarding Mona Patel’s height and weight are not readily available, her towering achievements in business and philanthropy speak volumes about her stature as a dynamic leader and role model.

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Net Worth

David Yong Net Worth 2024: How Much is the CEO of the Singapore-based Evergreen Group Holdings Worth?

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David Yong Net Worth 2024: How Much is the CEO of the Singapore-based Evergreen Group Holdings Worth?

Who is David Yong?

David Yong is the CEO of Evergreen Group Holdings, a prominent Singaporean businessman, lawyer, and K-pop artist. He owns over fifteen firms spanning various industries, including wood, real estate, food and beverage, lifestyle, and finance.

David Yong Career:

Yong began his career as a trainee lawyer before joining his family’s firm in 2014. He oversees over fifteen companies, diversifying his father’s company with a strong focus on the Indochina region under the corporate umbrella of Evergreen Assets Management.

David Yong’s Net Worth:

David Yong’s estimated net worth in 2024 is $16.7 million. His wealth stems from reported shares across multiple companies, including Processa Pharmaceuticals, Inc., and QUESTCOR PHARMACEUTICALS INC. He also owns fifteen homes in Asia and holds $90 million in cash.

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David Yong Age:

David Yong is 36 years old.

David Yong Family: Parents:

Yong’s father is Yong Ing Fatt, who laid the foundation for the family’s timber logging business in Indochina. David followed his father on business trips and learned the ropes of the industry from a young age.

David Yong Height and Weight:

There is no specific information provided regarding David Yong’s height and weight in the referenced content.

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Net Worth

Mohammed bin Salman Al Saud Net Worth 2024: How Much is the Crown Prince of Saudi Arabia Worth?

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Mohammed bin Salman Al Saud Net Worth 2024: How Much is the Crown Prince of Saudi Arabia Worth?

Who is Mohammed bin Salman Al Saud?

Mohammed bin Salman, born on August 31, 1985, in Jeddah, Saudi Arabia, is the Crown Prince and Prime Minister of Saudi Arabia. He holds significant global influence and is known for his authoritative leadership stance.

Mohammed bin Salman Al Saud’s Career

Mohammed bin Salman’s career trajectory is notable. He graduated with a Bachelor’s Degree in Law and ventured into various entrepreneurial endeavors before becoming a formal advisor to his father, who was then the governor of Riyadh. Over the years, he ascended through political ranks, eventually becoming the Crown Prince and Prime Minister of Saudi Arabia.

Mohammed bin Salman Al Saud’s Net Worth

Mohammed bin Salman’s net worth has been a topic of interest and contention. While figures vary, estimates suggest his net worth is in the billions, with some sources citing figures around $5 billion and others suggesting figures exceeding $25 billion.

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Mohammed bin Salman Al Saud Age

As of 2024, Mohammed bin Salman is 39 years old, born on August 31, 1985, in Jeddah, Saudi Arabia.

Mohammed bin Salman Al Saud Family: Wife and Children

Mohammed bin Salman is married to Sara Bint Mashoor bin Abdul Aziz Al Saud, with whom he shares five children—three sons and two daughters. His family holds significant positions within the Saudi royal lineage, with Sara Bint Mashoor’s heritage tracing back to King Abdulaziz.

Mohammed bin Salman Al Saud Height and Weight

Mohammed bin Salman stands at a height of 6 feet 0 inches (183 cm), earning him the affectionate nickname “The Tallest” among his contemporaries. However, specific details about his weight are currently unavailable.

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Also Read: Charlotte Tilbury Net Worth 2024: How Much is the Entrepreneur and Make-up Artist Worth?

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