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.
Samsung to Launch Fingerprint Mobile Payments
Samsung SDS, the IT service affiliate of Samsung Group, has announced that it is launching a new fingerprint mobile payment service with local payment gateway firms KG Mobilians and KG Inicis within South Korea, with global expansion planned for later. [Read more…]
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