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.
BOKU 1-Tap Mobile Billing Live in 56 Countries
BOKU, Inc., an online mobile payments provider, has released the production version of its 1-Tap Mobile Billing for Android, now live in 56 countries. The developer SDK opens up significantly expanded revenue opportunities to Android developers via direct carrier billing for in-app purchases, along with a consumer reach that spans the globe. Once integrated, BOKU’s production Android SDK provides users with a simple 1-Tap purchase process that does not require the collection of credit cards, financial information, user login, or registration through a third-party website.
“When we developed the beta version, the reaction was tremendous and the value to developers was immediately clear,” said Erich Ringewald, CTO of BOKU. “The production version released today includes global country coverage, faster end-to-end transaction time, clear messaging to consumers and enhanced error handling. All these new features help to increase conversion rates to merchants while providing a seamless and secure purchase experience.” [Read more…]