Question: What Are the Trends with Mobile Banking?

From WSJ Real-Time Economics Blog:

0326fedmobilebanking

Questions for students who can read the short article accompanying this chart:

  • What headline would you make for this chart showing usage of mobile banking and mobile payments?
  • What factors do you think are driving these trends?
  • Are you surprised that the numbers aren’t higher?  What might lead consumers to be cautious about using their mobile phones to make bank transactions?

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Check out the NGPF lesson on Mobile Banking