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.
Powa Technologies Hooks $76M Series A Investment
Powa Technologies, a UK startup that’s been working on an integrated mobile payments and e-commerce platform with some augmented reality thrown in, is today announcing its first round of outside funding — and it’s a doozy.
The company says that it has picked up a Series A round of $76 million to take its technology global, and to a retailer near you with what CEO and founder Dan Wagner describes as the ultimate “killer app” for commerce.
Read more, TechCrunch.