Tuesday, January 25, 2011

Mobile Commerce Getting Ready for Blast Off!

Last year on The New Media Mix, I wrote about how M-Commerce would be one of the success stories for 2011. Fasten your seatbelts and get ready to go for a ride. Several companies have introduced smart phone apps that can be used to purchase coffee, taxi rides, and even pay for lunch.

Jolie O'Dell of Mashable published a story in December that Google was aquiring a mobile payment company called Zetawire. This technology would enable smart phones to complete transactions anywhere at anytime. With Google is aquiring the braintrust and structure to introduce software or an application that makes financial transactions simple for mobile phones, you can be sure that other players will be entering the market.

I will be keeping an eye on M-Commerce and new start-ups that will be entering the market in 2011. One that stands out for me is Venmo. I believe that having a great idea and the drive to move forward can provide great opportunities.

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