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.
Text2Pay
Text2Pay allows for online payments using the mobile phone. With strong security and high conversion rates being the most important factors, Text2Pay’s goal is to make the customer’s payments experience more enjoyable and easy.
Text2Pay is backed by mBill, a leading mobile billing company with over 10 years experience. mBill provides comprehensive mobile marketing and billing solutions to millions of customers globally.
Text2Pay’s team consists of industry-skilled mobile professionals who hold a wealth of mobile-based and digital marketing knowledge.
Text2Pay ensures that safe and fair industry regulations are in place for the protection of customers. The company works with industry regulators and associations to ensure their processes and systems adhere to global guidelines.
The company has offices in Brisbane, Sydney and New York.