Digital Transactions – 4/1/13: Great news for mobile payments: the Federal Reserve says the percentage of consumers using a smart phone to make a purchase at the point of sale grew nearly threefold last year. Not-so-great news: don’t rely on that figure, because it’s too small to be statistically significant.
Those and other new data about mobile payments and banking can be found in a study the Fed released last week called Consumers and Mobile Financial Services 2013. Results of the study, the Fed’s second such effort, are based on a November 2012 online survey for the central bank by GfK (formerly Knowledge Networks). Nearly 2,600 respondents completed the survey.
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Source: Paymentspulse

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