What are the benefits of mobile commerce?

M-Commerce benefits for business
  • The effect: positive customer experience, easy and repeat purchases, increased sales.
  • The effect: convenient shopping, interactivity and ease, improved customer retention.
  • The effect: direct alerts about new products, updates, discounts and promotions.

Explore more on it. In this regard, what are the advantages of mobile commerce?

Advantages of M-commerce It provides a very convenient and easy to use the system to conduct business transactions. Mobile commerce has a very wide reach. A huge part of the world's population has a mobile phone in their pocket. So the sheer size of the market is tremendous.

Also Know, what are the most important M commerce applications? Top 10 Most Important Applications of Mobile Commerce

  • M-Commerce for finance.
  • M-Commerce for Retail and After sale Services.
  • M-Commerce and Mobile Marketing.
  • M-Commerce and Mobile Ticketing.
  • M-Commerce and Mobile Entertainment.
  • M-Commerce for Hotel Reservations.
  • M-Commerce in Healthcare and Medicine.
  • M-commerce for Intra-Office Communication.

Similarly, how does mobile commerce help in business?

Mobile commerce specializes in utilizing the information given by the users such as locations to improve its service and consequently, to drive more revenues. It allows brands to reach consumers at the right time, whether they're browsing for an item in the evening or shopping in a store during a lunch break.

What are the disadvantages of M Commerce?

Here are some of the major drawbacks of M-Commerce:

  • Security Concerns. Security Concerns are one of the most crucial aspects of M-Commerce.
  • Habituate of People.
  • Limitations of Smart Phones.
  • Connectivity Issues.
  • Fraud Risk.
  • Lack of Services in Rural Areas.