Question: What Are the Trends with Mobile Banking?

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Mar 27, 2015
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Question of the Day, Research, Checking Accounts, Payment Types, Chart of the Week

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

About the Author

Tim Ranzetta

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.

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