B Com Exam > B Com Videos > E-Commerce > Mobile Commerce (M-Commerce), E-Commerce
Mobile Commerce (M-Commerce), E-Commerce Video Lecture | E-Commerce - B Com
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100 videos|55 docs|19 tests
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FAQs on Mobile Commerce (M-Commerce), E-Commerce Video Lecture - E-Commerce - B Com
| 1. What is mobile commerce (M-commerce)? |  |
Ans. Mobile commerce, also known as M-commerce, refers to the buying and selling of goods and services through mobile devices such as smartphones and tablets. It involves using mobile applications or mobile-optimized websites to conduct online transactions.
| 2. What is e-commerce? | |
Ans. E-commerce, short for electronic commerce, is the process of buying and selling goods and services over the internet. It involves online shopping, online banking, electronic payments, and other online transactions. E-commerce can be conducted through websites, mobile apps, or other digital platforms.
| 3. How does mobile commerce differ from e-commerce? | |
Ans. Mobile commerce is a subset of e-commerce that specifically focuses on transactions conducted through mobile devices. While e-commerce encompasses all types of online transactions, M-commerce specifically refers to the use of mobile technology for buying and selling goods and services. M-commerce often involves mobile-specific features such as location-based services and mobile wallets.
| 4. What are the advantages of mobile commerce? | |
Ans. Mobile commerce offers several advantages, including convenience, accessibility, and personalization. With M-commerce, customers can shop anytime and anywhere using their mobile devices. It provides a seamless shopping experience by integrating features such as mobile payments and personalized recommendations. Additionally, M-commerce allows businesses to reach a wider audience, as mobile devices are more prevalent than desktop computers in many parts of the world.
| 5. Are there any security concerns with mobile commerce? | |
Ans. Yes, there can be security concerns with mobile commerce. Since M-commerce involves transmitting sensitive information such as credit card details over mobile networks, there is a risk of data breaches and unauthorized access. However, various security measures such as encryption, secure payment gateways, and two-factor authentication have been implemented to mitigate these risks. It is essential for both businesses and consumers to adopt secure practices and use trusted mobile apps or websites for M-commerce transactions.
Text Transcript from Video
Oh
people like things nice and simple right
like the convenience of being able to
pay or be paid for goods and services
provided over the Internet
but what if you don't have a bank
account that would mean a majority of
the people in the world not having
access to easier and safer transactions
but guess what
some 1.7 billion of these people do have
access to a mobile phone so how can that
help them avoid the risk cost and
inconvenience of using cash well that's
where M commerce comes in M commerce
enables people to conduct financial
transactions using a mobile device like
a cell phone or a tablet the phone
becomes a kind of a mobile wallet but
it's not just for pocket money it can
give you access to bank accounts credit
and access cards loyalty cards coupons
and it allows you to transfer money
anytime anywhere so this means a world
of new services for just about everyone
from those that don't have a bank
account to those that do but would like
to freedom to take their finances as
truly mobile the Ericsson wallet
platform for example enables secure and
convenient mobile financial services
such as money transfers and making
payments and using Ericsson converged
wallet there are 1.7 billion mobile
accounts connected to Erickson's
charging system that could easily be
turned into mobile wallets 2012 meant a
big step for M commerce as Ericsson and
Western Union formed a strategic
alliance mobile network operators can
now offer their subscribers the world's
largest money transfer network and we're
talking a lot of money three hundred and
fifty billion dollars had transferred
annually person-to-person over mobile
devices and the ecosystem to support M
commerce is growing rapidly
Erikson's M commerce interconnect is a
technology that will allow
interoperability between operators and
service providers such as banks stores
and payment networks so it's exciting
times for the M commerce industry which
is expected to process more than
800 billion US dollars by 2016 and with
the world of 50 billion connected
devices expected by 2020 the
implications and possibilities for how
we manage and use our money are profound
you
people like things nice and simple right
like the convenience of being able to
pay or be paid for goods and services
provided over the Internet
but what if you don't have a bank
account that would mean a majority of
the people in the world not having
access to easier and safer transactions
but guess what
some 1.7 billion of these people do have
access to a mobile phone so how can that
help them avoid the risk cost and
inconvenience of using cash well that's
where M commerce comes in M commerce
enables people to conduct financial
transactions using a mobile device like
a cell phone or a tablet the phone
becomes a kind of a mobile wallet but
it's not just for pocket money it can
give you access to bank accounts credit
and access cards loyalty cards coupons
and it allows you to transfer money
anytime anywhere so this means a world
of new services for just about everyone
from those that don't have a bank
account to those that do but would like
to freedom to take their finances as
truly mobile the Ericsson wallet
platform for example enables secure and
convenient mobile financial services
such as money transfers and making
payments and using Ericsson converged
wallet there are 1.7 billion mobile
accounts connected to Erickson's
charging system that could easily be
turned into mobile wallets 2012 meant a
big step for M commerce as Ericsson and
Western Union formed a strategic
alliance mobile network operators can
now offer their subscribers the world's
largest money transfer network and we're
talking a lot of money three hundred and
fifty billion dollars had transferred
annually person-to-person over mobile
devices and the ecosystem to support M
commerce is growing rapidly
Erikson's M commerce interconnect is a
technology that will allow
interoperability between operators and
service providers such as banks stores
and payment networks so it's exciting
times for the M commerce industry which
is expected to process more than
800 billion US dollars by 2016 and with
the world of 50 billion connected
devices expected by 2020 the
implications and possibilities for how
we manage and use our money are profound
you
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About this Video
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Dec 23, 2024 Last updated |
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