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.
Facebook Plans to Acquire Mature Mobile Startups, Says CTO
With its newly replenished cash hoard, Facebook plans to acquire mature mobile start-up companies to work toward its goal of being a platform company, according to Facebook CTO Bret Taylor.
“We’re really focused on acquisitions,” Taylor said at the Inside Social Apps conference at UC San Francisco on Tuesday. “Every investment we make is aligning ourselves with the vision of being a platform company.”
The company raised $1.5 billion last week through an investment organized by Goldman Sachs, and is likely to file for an IPO later this year.
via Wall Street Journal.