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.
Development Trend and Investment Prospect of China Mobile Payment Market, 2014-2018
Development Trend and Investment Prospects of China Mobile Payment Market, 2014-2018 primarily analyzes market status and business performance of major domestic enterprises in the Chinese mobile payment industry, and offers advice for investors.
With the increasing of mobile phone users and mobile phone network users, the growth of mobile shopping has reached 400%. An increasing number of users want to place orders and make payment through mobile phones, and such awareness is rising. At present, participants of mobile phone payments include banks, mobile operators, China Unionpay and third party payment companies, which are actively developing mobile payment transaction. [Read more…]