Online payments, a term that is casually thrown around but what does it really mean? Online payments are defined as ‘Money exchanged electronically’. We live in an age where we can pay for virtually anything through our phone without ever leaving our couches. Not only is it more convenient as it can be done from your couch but it’s much faster than a physical payment as you don’t have to physically go pay or go to the bank first or have to wait for a cheque to be cleared, not only is this faster and more convenient but there are fewer chances of things to go wrong electronically.
‘Electronically’ is a very loose term, electronic could mean a laptop, tablet or phone. This where online payment breaks down into subcategories, there is E-commerce which is ‘internet commerce’ and M-Commerce which is what ill be focusing on today. M-Commerce refers to ‘Mobile commerce’ or the buying and selling of goods and services with the use of your mobile phone. Mobile phones are the most common piece of technology with almost 67% of the entire world owning a mobile phone. With things like Mobile Banking, it’s now easier than ever to simply order food or buy a new car simply from the simple tap or swipe on your mobile. During last year’s holiday festivals, one-third of purchases were made from mobile, this is rapidly increasing market worth $189 Billion by 2020.
To run a successful commercial website one cannot simply avoid the M-commerce market and that’s where websites like ShapeMyApp come in. These are websites simply made to help the entrepreneur access this market with ease. In its core, ShapeMyApp is a service which entrepreneurs can use to create their own personalized commercial apps to sell goods and services with 24/7 customer service to clients and a simple user interface. You can use its powerful set of features such as a powerful app layout to help buyers have an ease of use by giving a simple front end user interface which is very important for a user to feel comfortable while making purchases and using apps otherwise a complicated app might put them off. Other features such as Mobile app growth helps to promote your business to a wider range of buyers hence helping you gain more business. Other features like making it fully customizable, giving you real-time updates etc.