Financial institutions are creating new mobile payment options...
Financial institutions are creating new mobile payment options as consumers grow increasingly accustomed to using cellphones for transactions, said e-commerce platform provider Powa Technologies in a release Monday. In a marked increase from the previous year, 28 percent of all…
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mobile phone users and 48 percent of smartphone users used mobile banking between November 2011 and November 2012, the Federal Reserve noted in an April 2013 study (http://1.usa.gov/11O33Lm). Consumers “are becoming much more used to the technology, which is great because there is so much potential for their devices to serve a number of purposes,” said Powa CEO Dan Wagner.