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.
JunglePay
JunglePay is a streamlined mobile payment platform. With simple integration into a user’s website, mobile site or application, JunglePay allows charging for services via SMS payments, credit card and over the IVR payments (phone billing), and is customizable to fit the look of any site. JunglePay is fully internationalized in many major languages, and is a brand and solution of txtNation.
For more information on setting up mobile payments: JunglePay.com