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.
Hot Trends in Mobile Commerce InfoGraphic
Nearly three-quarters (74%) of online retailers either already have or are developing a mobile strategy, according to the National Retail Federation’s digital division, and trendlines for mobile commerce are off the charts this year.
“Mobile Warming: Hot Trends in M-Commerce” is an informative infographic about mobile shopping trends and statistics, produced by Milo.com.
The company provides inventory availability information from local stores in real-time to find the best prices and availability for products in the shopper’s local area. The site will show what is in stock, where, and at what price.
Here’s just a sampling of some of the statistics:
- 37% of smartphone users have made a non-mobile purchase on their mobile handset within the last 6 months
- Top 10 mobile apps include: (1) 1-800-flowers (2) Amazon.com (3) Apple App Store (4) Barnes and Noble
- PayPal’s worldwide mobile transactions have skyrocketed from $25 million in 2008 to $500 million in 2010
To view these statistics and more from Milo’s excellent infographic, visit: The Daily Bark
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