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.
PayNearMe
PayNearMe enables consumers to pay for a wide variety of goods and services from leading companies in e-commerce, direct response and catalog marketing, consumer finance, money transfer, and beyond at a local store, starting with 6,000 7-Eleven stores across the United States.
PayNearMe was awarded Best of Show at FinovateFall 2010.
More information: PayNearMe