Mobile Commerce

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Definition of 'Mobile Commerce'

Mobile commerce (m-commerce) is the buying and selling of goods or services using a mobile device such as a smartphone or tablet. It is a subset of e-commerce, and is often used to refer to the sale of physical products online.

Mobile commerce is growing rapidly, and is expected to account for a significant share of all e-commerce sales in the coming years. There are a number of factors driving the growth of m-commerce, including the increasing popularity of smartphones and tablets, the growth of mobile payment solutions, and the increasing availability of mobile-optimized websites and apps.

There are a number of benefits to m-commerce for both businesses and consumers. For businesses, m-commerce can offer a number of advantages over traditional e-commerce, including:

* Increased convenience: Mobile devices are always with consumers, making it easy for them to shop at any time and from anywhere.
* Improved targeting: Mobile devices can be used to track users' location and browsing history, which can help businesses to target their marketing efforts more effectively.
* Reduced costs: Mobile commerce can be a more cost-effective way for businesses to reach customers, as it does not require the same investment in infrastructure as traditional e-commerce.

For consumers, m-commerce offers a number of benefits, including:

* Convenience: Mobile devices can be used to shop at any time and from anywhere.
* Speed: Mobile devices can be used to make purchases quickly and easily.
* Security: Mobile payment solutions are becoming increasingly secure, making it safe to make purchases online.

Mobile commerce is still a relatively new phenomenon, but it is growing rapidly and is expected to play a major role in the future of e-commerce. As mobile devices become more powerful and more people have access to them, m-commerce is likely to become even more popular.

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