eBusiness

It used to be a sideline act, but now the mobile selling revolution is hotting up to be the main event.

Online retailing is set to account for between 7 and 8 percent of all retail sales in Australia, up from 2-3 percent currently, says accounting firm Ferrier Hodgson.

Australian retailers may have a few problems today processing Mastercard and Visa transactions after a group known as Anonymous hacked into the company's online operations following Mastercard's decision to stop processing payments to the whistle-blowing site Wikileaks.

More and more Australian consumers are purchasing goods or services online, with ACMA finding that close to 90 per cent of household Internet users in Australia have engaged in one or more e-commerce activities.

Retailers including JB Hi-Fi and Harvey Norman are set to make major financial losses as the growth of online rivals continues, warns Morgan Stanley.

Nearly half of smartphone users say they have already, or soon will, use their phones to do mobile shopping, and 53 percent also use, or intend to use their smartphones for mobile banking, according to a new survey of 2000 consumer technology users in the US.

Consumer electronics and high end Hi Fi retailers who don't have online shopping operations are in for a tough 2011, according to new research which reveals that Internet shopping is set to double this year.