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.
Security Concerns Still Holding Back Mobile Payment Consumers in 2011
Mobio Identity Systems, an international mobile payments and marketing company, today released a comprehensive report on mobile payment adoption and use in North America called “Mobile Commerce Handcuffs.”
The report contains findings from a survey distributed to North American consumers. The report reveals that 94% of respondents would make a mobile payment if they knew it was secure. There are numerous additional significant findings, which are supported with charts, graphs, and statistics. Overall, the report highlights the significance of security as a barrier to growth of the m-commerce market.
More information: Mobile Commerce Handcuffs – Report.
Source: MarketWire
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