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24-Jun-2017 02:33

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Match also owns the dating app Tinder—one of the fastest-growing apps in the market—and the company hasn't even begun to monetize it yet. Another factor boosting the online dating trend is cost: It's simply a much cheaper way of getting a date.

Bigger is usually better in the business of online dating, and the large players stand to benefit most. Strategists at Converg Ex Group, a New York-based global brokerage company, crunched numbers from and found that online dating can save a person thousands of dollars.

"Users are most likely to be attracted to simple applications and interfaces, so businesses that are able to entice consumers with new and exciting mobile functionality will be the most successful," he said.

The templates in this category are designed for travel agencies, camping facilities, travel magazines, airlines companies, travel insurances, travel clubs, tourism bureaus, vacation planners, tourist attraction businesses, etc.

A recent report by Topeka Capital Markets finds that the combination of tough economic times, a rise in the number of singles, social media and mobile technology is causing a resurgence in the "fast food dating" business of online personals. people are a lot more comfortable posting their personal information online.

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JDI -- which operates 18 dating websites, including cupidswand.com, and -- must pay a 6,165 fine and reform its practices."Mobile services are forecast to be the fastest growing segment over the next five years as operators, including Interactive Corp.and e Harmony, cater to consumers moving toward easy-to-use mobile applications," IBISWorld online dating expert Jeremy Edwards said in a report released last week.The users were unable to respond without setting up paid memberships, which cost between and per month, and JDI renewed those memberships in many cases without consent.

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JDI did not immediately respond to a request for comment.

Going forward, the company must clearly disclose to users that they will receive messages from fake profiles, and is barred from setting up recurring memberships without authorization.