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.
China Unicom To Establish Mobile Payment Subsidiary
China Unicom is recruiting for 20 positions of its new subsidiary to be established, reports c114.net.
The new subsidiary is temporarily called China Unicom Payment. China Unicom started the commercial application of its mobile payment service in Beijing, Shanghai, Guangzhou and Chongqing.
via CapitalVue News.