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Dating apps have come to stay (for now, anyways). When Tinder revolutionized the dating scene over five years ago, many people were sceptical about the rise of this new technosexual era. It was predicted that dating through apps can’t lead to long-term relationship success.
The time has proved if not the opposite, then at least that these fears did not come true. Just two years after launching in 2012, Tinder was registering more than a billion "swipes" a day. Even tech giants such as Facebook have become interested in the dating scene after seeing Tinder’s success. There are 200M users on Facebook who list their relationship status as “single.”
Dating apps are now a firmly established part of the dating scene. These include Tinder, Bumble, Hinge and a range of others suited to different tastes. The basis of these apps is simple. Users can create a profile by uploading several photos, along with a short text description. This becomes visible to other users who can then ‘like’ or ‘dislike’ the profile.
In this report, we give an overview of how carrier billing fits into the existing monetization strategy of dating services. We profile the markets with the biggest potential for carrier billing, also highlighting end-user spending trends for each market. Finally, the report explains how mobile operators - often the biggest consumer-facing digital companies in their country - can help dating services increase user acquisition and revenue through marketing support, once a dating service provider has decided to implement carrier billing.
About Fortumo
Fortumo is a digital enablement platform for app stores and digital service providers for user acquisition, monetization and retention. The company connects service providers with more than 350 mobile operators across Asia, Europe, Latin America, the Middle East and Africa.
Service providers use Fortumo’s platform to manage the end-to-end customer lifecycle of mobile users on these networks through the company’s bundling, carrier billing and messaging solutions.
Fortumo’s platform is used by thousands of leading digital merchants including Google, Spotify, Electronic Arts and EasyPark. Founded in 2007, Fortumo has offices in San Francisco, Madrid, Beijing, Delhi, Singapore, Estonia, Hanoi and Taipei. For more information, please visit Fortumo.com.
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Feb. 15, 2019 | by David Jones
Podcast Summary
Joust CEO Lamine Zarrad carves out a unique space among fintechs by addressing the special circumstances of freelance workers.
Listen to the Podcast:
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Topics: Mobile Apps, Mobile Banking, Mobile Payments, Podcasts
Companies: Joust
David Jones
David Jones is a veteran business and technology journalist, with three decades of experience writing about business travel, real estate and technology.
Since 2015 he covered a range of technology stories for the ECT News Network, which includes the E-Commerce Times, TechNewsWorld, LinuxInsider and CRM Buyer, writing about cybersecurity, artificial intelligence, machine learning, open source computing and privacy issues among others,. He recently covered FinTech issues for PYMNTS.com.
He worked as a staff writer for Bloomberg Business News and an online reporter for Crain’s New York Business. He has written for numerous media organizations, including Reuters, The New York Times, The Real Deal, Continental, City Limits and The Nation.
He was previously awarded the George Washington Williams Fellowship for Journalists of Color by the Independent Press Association.
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Feb. 15, 2019
Gan, a U.K.-based developer of B2B software for online sports betting, said online wins rose 53 percent in January in the key New Jersey market, based on data from state regulators.
Gaming wins in New Jersey rose to $33 million in January, compared with $22 million in the year-ago period, according to a press release.
Total internet sports wagering handle, which is the gross amount accepted for sports betting, jumped sharply from the end of last year, reaching $305 million in January, compared with $241 million in December 2018.
The data comes from New Jersey’s Division of Gaming Enforcement.
Last month Gan reported gross operator revenue doubled during the fourth-quarter to $41.8 million, compared with the year-ago period.
"Internet sports betting in New Jersey drove exceptional growth of gross operator revenue in the last quarter of 2018 with a significant positive impact on casino revenue from cross-selling casino games to sports gamblers," Dermot Smurfit, CEO of Gan said in a quarterly earnings announcement.
Gan in January announced a five-year agreement with the FanDuel Group to expand online sports betting to West Virginia and Pennsylvania. FanDuel is one of the largest fantasy sports gaming apps in the U.S.
Earlier this week, FanDuel reported very strong month in January, saying that more than half of New Jersey’s total handle through retail and online was generated by FanDuel Sportsbook The company said FanDuel Sportsbook’s online revenue rose for the fourth month in a row, and that revenue was driven by NFL and NCAA football playoffs and noted that the Australian Open was available for live in-app streaming for the first time.
Topics: Gaming, In-App Payments, Mobile Apps, Mobile Payments, Software
Companies: FanDuel Inc., GAN PLC
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Feb. 15, 2019
Klarna, an European fintech that has expanded into the U.S., has released a study showing 46 percent of millennial and Generation Z consumers will spend more on fashion if allowed to try on clothing before making a purchase.
The study of 1,000 consumers showed 29 percent of shoppers like to browse the item online and then buy in-store, according to a press release on the survey data,
The data also revealed 66 percent of shoppers want a free and easy return policy, while 53 percent say a slow and expensive return policy would cause them to abandon the retailer.
About one third of shoppers would like to be able to pay in four equal installments, while 24 percent say that the ability to spread out payments would lead them to buy more expensive items.
In addition, 36 percent of shoppers will abandon an online purchase if the retailer lacks a solid return policy, while 31 percent will abandon the purchase if the checkout process takes too long.
The report showed Generation Z shoppers, aged 16-24, shop about 18 times per year, and in some cases make online purchases 1-3 times per month.
Klarna last month announced that rap icon Snoop Dogg has made an investment in the firm. The firm, founded in Stockholm, Sweden in 2005, has its U.S. headquarters in Columbus, Ohio.
Topics: Mobile Banking, Region: EMEA, Retail
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