Mobile phones have increasingly become tools that consumers use for banking, payments, budgeting, and shopping. Given the rapid pace of developments in the area of mobile finance, the Federal Reserve Board began conducting annual surveys of consumers’ use of mobile financial services in 2011. This 78-page report, “Consumers and Mobile Financial Services” (March, 2015) examines trends in the adoption and use of mobile banking, payments, and shopping behavior and how the emergence of mobile financial services affects consumers’ interaction with financial institutions.
BilltoMobile Adds Sprint, Extends Reach to 240 Million U.S. Customers
A year ago, few people in the U.S. had ever heard of BilltoMobile, a direct carrier billing company with roots in Korea. But the San Jose, Calif. company is fast emerging as a leader in the mobile payments space with direct billing arrangements with Verizon and AT&T and Friday, it’s adding Sprint to the list.
The latest announcement extends BilltoMobile’s reach to about 240 million customers in the U.S., who will be able to make purchases and charge them directly to their cell phone bill. BilltoMobile is actively looking at locking up more carriers in North America and is expanding the number of merchants it deals with directly.
via GigaOm.