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.
Analyst Cites eBay as Strong Investment Opportunity in Mobile Payments
eBay provides one of the best investment opportunities to take advantage of the growth of mobile payments, according to Gil Luria, an analyst at Wedbush Securities.
“We believe PayPal will capitalize on its superior position in mobile payments extending its 25 percent to 30 percent growth, turning into eBay’s largest business by 2014 and leading to significant multiple expansion,” he said.
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