Sage Pay Champions Mobile Commerce for All With MoBank Partnership

Sage Pay Champions Mobile Commerce for All With MoBank Partnership PR Newswire LONDON, July 18, 2012 LONDON, July 18, 2012 /PRNewswire/ -- Sage Pay has today announced a partnership with leading mobile commerce (mCommerce) provider, The MoBank Group. The partnership will enable Sage Pay's 40,000+ merchants to easily integrate onto the mobile channel via MoPowered, The MoBank Group's secure Software- as-a-Service (SaaS) mCommerce solution. This means Sage Pay's customers will be able to take full advantage of the opportunities provided by mobile commerce, allowing them to generate new revenues while providing their customers with greater choice and flexibility. Dominic Keen, Chief Executive of MoBank explains: "Mobile commerce is growing rapidly, and more consumers are using their mobiles to make online purchases. A recent study by Forrester estimated that by 2016, 14 million people will be making purchases via mobile handsets." Merchants are increasingly looking to integrate onto the channel to ensure they are ready for the rapid upsurge in mobile buyers. This was highlighted in Sage Pay's annual business survey "The e-business benchmark report", which found that only 5% of e-tailers currently had apps, but 40% planned to invest in one within 12 months. This is further supported by a report undertaken by MoBank which found that 89% of SME retailers believed that mCommerce was a necessity for the growth of their business, but only 24% had integrated an mCommerce site.