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.
Mobile Stocks to Watch: NVIDIA
NVIDIA might seem like an odd choice for investors looking to profit from the mobile boom. After all, of all things, its bread-and-butter product is graphics processors found in PCs. How can a company reliant on PCs be anything but a sitting duck for the coming mobile revolution? In the case of NVIDIA, it’s not a sitting duck because the company saw a changing market and started adapting years before the competition.
Neither of NVIDIA’s direct peers foresaw a shift in technology the way NVIDIA did, yet NVIDIA gets lumped into the same basket as them, beaten down whenever negative PC news hits the presses. That’s a mistake that you can profit off. [Read more…]