Friday, December 11, 2015

MOBILE MARKETING NEWS


Why messaging apps are striking gold with peer-to-peer payments

As mobile messaging applications struggle to stand out in the increasingly competitive space, one sure-fire way of attracting digitally savvy users is by adding a commerce element that consumers can leverage in their day-to-day lives.

An increasing amount of popular messaging apps, ranging from WeChat to Facebook Messenger, are tapping peer-to-peer payments in a bid to edge out singular mcommerce apps while offering real utility to individuals looking to streamline their communications and financial tasks. Consumers may now use these messaging vehicles to transfer funds across the globe without going through a bank and send money to friends after a night out.

“As Google's Jason Spero and others have said, mobile is for action,” said Jeff Hasen, founder of Seattle-based Gotta Mobilize and author of The Art of Mobile Persuasion. “P2P payments bring convenience that is universally sought.

“An estimate from Business Insider said that mobile P2P transactions could reach $86 billion in the U.S. by 2018,” he said. “And there is so much more upside for mobile devices given the fact that the global P2P payment market exceeds $1 trillion.

“The messaging apps are prime vehicles given their popularity and interest in further monetizing."


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