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.
Droplet Mobile Payment App Raises Over $900K Via Crowd-Funding
Mobile payment and loyalty app, Droplet, has raised £574,650 British Pounds (~ $900K US) for 12.56% equity offered. The investment was raised via crowd-funding site Crowd Cube, and closed May 5. Ascension Ventures is also an investor in the company.
[Read more…]