PR Newswire | 24 Nov, 2014
MUMBAI: In yet another move to augment the smart data revolution, Vserv, a leading mobile marketing platform, today announced the launch of a unique re-targeting product, Vserv Smart RT. Focused on the burgeoning e-commerce industry in emerging markets, Vserv Smart RT enables re-targeting in two revolutionary ways:
1. Re-targeting desktop users on mobile sites and apps
2. Re-targeting mobile site users on third party apps
Today, e-commerce companies in emerging markets face a challenge of tackling the multi-screen consumer. According to research estimates, 98% of these multi-screen users move between different devices and screens during their purchase journey[i]. Of these, 91% research the product on their mobile apps and 66% then make the purchase from their desktop[ii]. Vserv identified this gap and rolled out 'Vserv Smart RT', a product that enables e-commerce companies to re-target these consumers with the right messages, right product and at the right time, thereby improving sales.
Commenting on the launch, Narayan Murthy, VP - Global Sales & Strategy, Vserv, said, "The launch of Vserv Smart RT will transform the way e-commerce companies market their products in the emerging markets. With consumers today moving between different devices, Vserv Smart RT provides e-commerce companies the ability to re-target consumers from desktop to mobile. Also, with 100% accuracy in re-targeting, the product is capable of serving individual ads to consumers in real time and with customised content, delivering up to 6X boost in ad responses."
Vserv Smart RT captures user behaviour and intent, which enables e-commerce companies to reach out to the right consumer. This is done on the back of a robust smart data platform that augments individual user profiles, and using these results, creates a custom recommendation engine. These recommendations help e-commerce companies market a relevant product to individual users, on a real-time basis, and with the highest rate of accuracy.
"Sustaining engagement with prospective buyers is one of the biggest challenges that all e-commerce companies face. Re-targeting helps engage with them, thereby increasing our transactions and boosting our sales. We will be glad to partner with Vserv in their new initiative," said Sachin Kapur, Head Marketing, APAC Emerging Markets (India, Indonesia, Thailand, Philippines), Groupon.
"There is a surge in the number of devices and users in the emerging markets, wherein due to its varied nature differentiation is the key. Re-targeting is important to us as it opens a completely new channel for us. We're optimistic about using Vserv Smart RT to ensure a more meaningful engagement with our customers," said Rahul Narwekar, Founder CEO at NDTV Ethnic Retail Ltd.
"The future of e-commerce is mobile and re-targeting provides us a window to reach out to our buyers via mobile across platforms and devices. We look forward to using Vserv Smart RT to enhance our customer outreach," said Manav Sethi, Group Head - Marketing, Head - Digital Product, Business Head - ASKME Free ads and Deals, ASKME.
The e-commerce industry has seen a steady climb across emerging markets. In India, records point to an over fourfold jump in ad spends in a single year, standing at almost Rs. 1,000 crore today. However the diversity of the population and the rampant proliferation of devices has increased the magnitude of opportunity significantly. The trend of users moving between devices has also amplified, hence the ability to match the message to the user has become a pivotal need for e-commerce companies. Vserv Smart RT has been designed keeping the vagaries of emerging economies in mind, and has the unique capability of boosting conversion at a significantly higher rate.
Please click here to view the infographic on E-Commerce 2.0 In India: The Multi-Screen Consumer Opportunity.
About Vserv
Vserv is a leading mobile marketing platform that delivers smart data led results to marketers, app developers, telcos and data partners. Powered by its award winning market first technologies, the company drives engaging mobile experiences for the emerging billion mobile Internet users. Founded in 2010, Vserv has 500 million+ unique user profiles and a global footprint with offices across USA, UK, South Africa, India, Dubai, Singapore, Thailand, Indonesia, Malaysia, Philippines and Vietnam. For more details visit www.vserv.com
[i] https://www.thinkwithgoogle.com/tools/mobile-purchase-journey.html
[ii] http://services.google.com/fh/files/misc/omp-2013-in-en.pdf
Media Contact: Alroy Kenny, alroy.k@vserv.com, +91-9819011479, Sr. Executive, Global Communications, Vserv Digital Services Ltd.
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