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.
Vodafone’s M-Pesa to Partner With MTN for Mobile Banking Services in Africa
Vodafone Group Plc will work with MTN Group Ltd., Africa’s largest wireless operator, to facilitate mobile-banking services in parts of the continent’s sub-Saharan region.