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.
Mobile Operators Call For Openness As Data Load Rises
The surging data traffic across the globe creates significant opportunities for mobile operators, but the industry also needs to focus on a number of key priorities, including greater openness, a number of operators said Tuesday.
In a keynote speech at the ongoing Mobile World Congress in Barcelona, industry organization GSMA’s Chief Executive Robert Conway said there are likely to be around one billion mobile broadband connections by 2012.
via Wall Street Journal.