{"id":34160,"date":"2022-05-20T07:00:51","date_gmt":"2022-05-20T14:00:51","guid":{"rendered":"https:\/\/dhblog.dream.press\/blog\/?p=34160"},"modified":"2025-05-26T06:30:36","modified_gmt":"2025-05-26T13:30:36","slug":"mobile-shopping-m-commerce","status":"publish","type":"post","link":"https:\/\/www-dev.dreamhost.com\/blog\/mobile-shopping-m-commerce\/","title":{"rendered":"The Rise of Mobile Shopping: A Beginner\u2019s Guide to M-Commerce"},"content":{"rendered":"\n

Online shopping is hardly a new concept. However, mobile shopping or \u201cm-commerce\u201d has grown drastically during the past few years. By 2025, mobile commerce is projected to account for 44.2% of all online retail operations<\/a>, reaching a projected $728 billion in sales.<\/p>\n\n\n\n

Moreover, mobile shopping just keeps expanding year after year. That means if you\u2019re a business owner with an online store, improving the experience for mobile consumers<\/a> is essential. When you provide a positive mobile User Experience (UX)<\/a>, you\u2019ll be able to tap into a massive and continuously growing market.<\/p>\n\n\n\n

In this article, we\u2019re going to take a look at the different types of m-commerce and how they\u2019ve grown in recent years. Then, we\u2019ll show you four ways you can use m-commerce to expand your reach. Let\u2019s get to it!<\/p>\n\n\n\n

What Are the Different Types of M-Commerce?<\/b><\/h2>\n\n\n\n

When we talk about mobile commerce, it\u2019s important to understand that we\u2019re not just referring to e-commerce or online retail<\/a>. Instead, M-commerce is a broad term that encompasses multiple types of industries and operations.<\/p>\n\n\n\n

Any type of operation that involves transacting money<\/a> over a mobile device (smartphones, tablets, etc.) falls under the umbrella of m-commerce. Now, let\u2019s talk about the most common types of mobile commerce.<\/p>\n\n\n\n

Mobile Banking<\/b><\/h3>\n\n\n\n

Usually, banks enable you to operate through mobile devices using standalone apps on top of their existing websites or online banking platforms. Mobile banking is the primary way they conduct transactions for a large segment of users in the US.<\/p>\n\n\n\n

95% of Gen Z<\/a> and 91% of millennials use mobile banking due to how convenient it is.<\/p>\n\n\n

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\"mobile<\/figure><\/div>\n\n\n

Some banks and standalone service providers also enable you to invest using mobile applications. That means users can manage both their standard accounts as well as their portfolios through mobile devices \u2013 at any time. Arguably, mobile investing applications can account for the growing share<\/a> of Gen Z and Millennial customers joining the investment markets.<\/p>\n\n\n\n

Mobile Payments<\/b><\/h3>\n\n\n\n

There is a lot of overlap between mobile payments and mobile e-commerce apps. When we talk about mobile payments, we\u2019re referring to platforms and services that enable you to send and receive money and process sales transactions.<\/p>\n\n\n\n

One great example of a mobile payment service is Venmo. Since 2017, Venmo\u2019s annual revenue has grown from $160 to $850 million<\/a>, and its user base has skyrocketed to over 80 million users.<\/p>\n\n\n

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\"venmo<\/figure><\/div>\n\n\n

With Venmo, users can send payments to each other using a simple mobile app. Other similar mobile payment apps enable customers to store money, request loans, and keep comprehensive transaction logs.<\/p>\n\n\n\n

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