{"id":56336,"date":"2021-01-05T10:41:17","date_gmt":"2021-01-05T09:41:17","guid":{"rendered":"https:\/\/www.digitalvirgo.com\/?p=56336"},"modified":"2021-11-02T10:43:34","modified_gmt":"2021-11-02T09:43:34","slug":"mcommerce-payments-as-a-consolidated-trend","status":"publish","type":"post","link":"https:\/\/www.digitalvirgo.com\/lt\/mcommerce-payments-as-a-consolidated-trend\/","title":{"rendered":"[CURATION] \u00a9Juniper Research &#8211; mCommerce Payments as a consolidated trend full of potential"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\">New Mobile Driven Society<\/h3>\n\n\n\n<p>The pandemic has accelerated the use of mobile payments and the overall consolidation of a <strong>cashless society<\/strong>. Moreover, online purchases are increasingly being<strong> performed on a mobile device.<\/strong>\u202f A new study from <strong><a href=\"https:\/\/www.juniperresearch.com\/press\/press-releases\/mcommerce-payments-to-rise-to-3-1-trillion\">Juniper Research<\/a><\/strong> has found that<strong> mCommerce payments will reach $3.1 trillion in 2025, up from $2.1 trillion in 2020.<\/strong> According to these data, we can say that we are in front of a mobile driven society where users demand immediacy and convenience when making their payments.\u202f&nbsp;<\/p>\n\n\n\n<p>For this new mobile\u202feconomy, <strong>Direct Carrier Billing is\u202fa payment method with huge potential.<\/strong> It allows users to pay for digital services as part of their monthly bill, offering them an <strong>enriched purchasing experience<\/strong>. DCB enables a<strong> fast, easy and secure online payment flow and spares users from sharing their personal data\u202for bank details online.<\/strong>\u202f For these reasons, it provides a <strong>great opportunity<\/strong> for <strong>Telcos \u202f<\/strong>to increase their revenues and for<strong> Merchants<\/strong> to achieve higher conversion rates.\u202f&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Direct Carrier Billing: Growth Forecasts<\/h3>\n\n\n\n<p>Covid-19\u202fhas also amplified the shift to Carrier Billing across many markets.\u202fThis situation, added to its advantages, is making the <strong>DCB market growth forecast higher<\/strong> than the one published by <strong>Omdia<\/strong> at the beginning of the year\u202f (<strong>10% annual growth from $49 billion in 2019 to $79 billion in 2024)<\/strong>.\u202f&nbsp;<\/p>\n\n\n\n<p><strong>Some<\/strong><strong>&nbsp;<\/strong><strong>of<\/strong><strong>&nbsp;<\/strong><strong>the<\/strong><strong>&nbsp;<\/strong><strong>advantages<\/strong><strong>&nbsp;<\/strong><strong>of<\/strong><strong>&nbsp;<\/strong><strong>this<\/strong><strong>&nbsp;<\/strong><strong>fast-growing<\/strong><strong>&nbsp;<\/strong><strong>payment<\/strong><strong>&nbsp;<\/strong><strong>method<\/strong><strong>&nbsp;are:<\/strong>&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Security<\/strong>:&nbsp;DCB doesn\u2019t require the user to enter personal data or bank account details.&nbsp;&nbsp;<\/li><li><strong>Simplicity<\/strong>:&nbsp;DCB reduces the purchase process to a single click, increasing conversion rates&nbsp;and providing users with&nbsp;frictionless&nbsp;purchasing&nbsp;experiences.&nbsp;<\/li><li><strong>Confidence<\/strong>:&nbsp;Users&nbsp;trust on their mobile operators&nbsp;as&nbsp;they already have an economical relationship with them.&nbsp;&nbsp;&nbsp;<\/li><li><strong>Convenience<\/strong>: DCB offers an enriched purchasing experience by mixing security, simplicity,&nbsp;confidence and&nbsp;convenience.&nbsp;<\/li><li><strong>Penetration<\/strong>:&nbsp;In the world there are more&nbsp;smartphones&nbsp;than credit cards. DCB&nbsp;allows people with less access to bank accounts or credit cards to take part on digital payments.&nbsp;&nbsp;<\/li><\/ul>\n\n\n\n<p>Apart from the pandemic situation, DCB is growing due to&nbsp;an&nbsp;increased demand for frictionless purchasing experiences,&nbsp;new consumer habits,&nbsp;younger demographics,&nbsp;PSD2&nbsp;regulation,&nbsp;opportunities in emerging countries,&nbsp;5G &amp;&nbsp;new&nbsp;verticals\u2026<strong>Want to discover&nbsp;all these&nbsp;Mobile Payment trends? <\/strong><a rel=\"noreferrer noopener\" href=\"https:\/\/www.digitalvirgo.com\/lt\/?p=56147\" target=\"_blank\"><strong>Read our recent article!<\/strong><\/a><strong>&nbsp;<\/strong>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mobile Payments are going to rise to $3.1 Trillion in 2025 according to a recent Juniper Research Study. It is expected a 70% of growth between 2020 and 2025. A reality that impacts on Direct Carrier Billing and further triggers its potential. Want to discover the key drivers of this new mobile economy? Read the full article! <\/p>\n","protected":false},"author":5,"featured_media":56341,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[206],"tags":[],"class_list":["post-56336","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-naujienos"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>[CURATION] \u00a9Juniper Research - mCommerce Payments as a consolidated trend full of potential &#8226; Digital Virgo<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.digitalvirgo.com\/lt\/mcommerce-payments-as-a-consolidated-trend\/\" \/>\n<meta property=\"og:locale\" content=\"lt_LT\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"[CURATION] \u00a9Juniper Research - mCommerce Payments as a consolidated trend full of potential &#8226; Digital Virgo\" \/>\n<meta property=\"og:description\" content=\"Mobile Payments are going to rise to $3.1 Trillion in 2025 according to a recent Juniper Research Study. 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