Mobile banking is on the rise -- now used by 33% of mobile consumers, up from 24% in 2011. Of the top 25 U.S. financial institutions by deposit, about half are offering mobile person-to-person (P2P) transfers and mobile remote deposit capabilities, a figure that has more than doubled since 2011.
According to payvia, the company powering mobile contributions to both the Obama and Romney campaigns, one in ten donors to the 2012 Presidential campaigns at some point used either SMS or an in-app method to send money to their candidate of choice.
As smartphone and tablet penetration continues to rise, so too does the use of mobile banking, bill paying, money transfer, remote check deposit and other personal money-management services, according to a new eMarketer report.
Banks are setting aside over one-third of their digital channel investments for mobile initiatives, according to a new report from Forrester Research.
More than half of the consumers interested in paying for goods with their smart phones do not want the service provided by their main bank, according to a study.
Mobile payment technology is making it unnecessary to carry a wallet or maintain a bulky cash register at your checkout counter. By using devices and apps like Square and Google Wallet, small businesses are getting paid faster and customers are making more reliable purchases.
Mobile payments represent the new frontier in ecommerce technology. Find out how people and businesses are preparing for a new form of money.
According to the research titans behind the report, one in ten smartphone owners will use their handset to pay bills by 2016.
According to Juniper’s latest research, the number of consumers using mobile handsets to make P2P (Person to Person) domestic money transfers will reach 340 million by 2016, up from 84 million last year.
Mobile banking is gaining traction and is expected to reach 50 percent of consumers by 2016, according to a new study from global business advisory firm AlixPartners.