Question: What Are the Trends with Mobile Banking?
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?
Check out the NGPF lesson on Mobile Banking
About the Author
Tim's saving habits started at seven when a neighbor with a broken hip gave him a dog walking job. Her recovery, which took almost a year, resulted in Tim getting to know the bank tellers quite well (and accumulating a savings account balance of over $300!). His recent entrepreneurial adventures have included driving a shredding truck, analyzing executive compensation packages for Fortune 500 companies and helping families make better college financing decisions. After volunteering in 2010 to create and teach a personal finance program at Eastside College Prep in East Palo Alto, Tim saw firsthand the impact of an engaging and activity-based curriculum, which inspired him to start a new non-profit, Next Gen Personal Finance.