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.
Business Insider Releases Primer Report On The Mobile Payments Market
A new report from BI Intelligence explains the main reasons why mobile payments are poised for takeoff. The report provides proprietary estimates for the growth and size of the mobile payments market in the years to come, and analyzes the specific trends that will help shape the growth in mobile payments, including user concerns around security. In addition. the report tracks the demographic and geographic nature of the consumers who will drive the growth, merchant-side adoption, and the mobile payments solutions that will lead the charge.
Read more, via Business Insider.