A recent study has revealed that consumers are so comfortable with their mobile devices these days that they are actually demanding more mobile services from their banking institutions. In fact, some of the people surveyed noted that they had even switched banks just for the opportunity to use mobile banking services.
The independent research study was conducted in September 2010 and revealed that as much as 70% of respondents stated that they would stick with their current banks if they were able to send or receive funds via mobile phone. It also showed that as many as 71% of respondents stated that they would use mobile payments more frequently if the transactions were conducted within seconds.
Another method that was discussed during the study was the idea of e-commerce businesses getting paid via mobile phone, with 64% of respondents stating that they would be interested in receiving payments via credit card, e-check or debit card from customers using mobile devices.
Some other statistics from the study revealed some interesting facts about consumers, such as:
61% stated they were more likely to make payments via mobile phone if their banks provided the service…
58% stated they were interested in sending or accepting payments via text message, similar to the donations that were made for the Haitian earthquake relief…
56% stated they were interested in signing up for services that would allow them to send or receive funds from friends and family, as long as they were instantly transferred…
The research shows that consumers want more options for making payments through their banks via mobile phone devices. The market is now seeing a lot of providers that are not traditional banks that are looking to get into this market and replace these services that would typically be offered by the banking industry. The study reveals that a large percentage of the population that regularly uses mobile phones would embrace these types of services, although it is unknown how often they would be used if they came from businesses other than their personal banking services.
The way we send, receive and think about payments is changing rapidly. The old system of ACH debit payments is declining in use and popularity in a world that is becoming more and more mobile.
Please contact me for information on billing Europe – tap my network and let’s generate more revenue for you. Make sure you can bill Europe's huge population without credit cards by offering alternative billing options for their mobile handsets. Always remember, surfers on WIFI cannot pay through their telco carrier, you still need to offer non-telco billing options to mobile surfers. Contact JoeD at: traffic at giant sense dot com .
Mobile Payments Now In Demand
Copyright © 2026 Adnet Media. All Rights Reserved. XBIZ is a trademark of Adnet Media.
Reproduction in whole or in part in any form or medium without express written permission is prohibited.
More Articles
Creator Tips for Turning AI Prompts Into Effective Promos
Creating great content is only half the job. Every photo set, clip, custom video, pay-per-view message, bundle and subscription offer still needs to be marketed, and finding fresh ways to promote the same material can become just as exhausting as creating it.
Protecting Your Reputation, Privacy and Peace as a Creator
As an adult creator, your online reputation can directly affect bookings, brand partnerships, fan relationships and future opportunities. A leaked post, a troll campaign, an out-of-context screenshot, or a hostile interaction can damage the brand you have built and disrupt your peace of mind. People say this business requires thick skin, but what you really need is steel with a Teflon coating: strong enough to take the hits and slick enough to keep the nonsense from sticking.
What Federal Age Verification Could Mean for Adult Websites
Our industry has grappled with a patchwork of confusing and burdensome state age verification laws for the past couple of years. But that landscape could change quickly after the House passed the Kids Internet and Digital Safety (KIDS) Act (H.R. 7757) by a vote of 267-117, marking a significant federal step into this space.
The Website Footer Requirements Every Adult Merchant Should Know
Since I started in this business 25 years ago, I've watched website footers evolve from a simple collection of links designed to help with SEO into important tools for meeting compliance and regulatory requirements, improving the customer experience and reducing chargebacks.
Why E-Payment Diversification Matters for Merchant Stability
Match payment methods to your customers. Look at where your customers are located, how they prefer to pay and which products they purchase. A business with significant European traffic may benefit from SEPA or Pay by Bank, while a subscription-based business may prioritize ACH or cryptocurrency. Add the payment methods your customers are most likely to use, as not every option is available.
Staying Power: Justin Ross on Two Decades of Building Screaming O
Ironically, it was a single-use, disposable vibrating ring that became the foundation of The Screaming O, transforming a basic foil pouch into the launchpad for a pleasure-product brand that has endured for over two decades.
AI at Work: The Tools and Practices Powering Creativity, Commerce and Compliance
For years, artificial intelligence felt like the plot of a science-fiction movie. Pop culture gave us Skynet from “The Terminator,” the replicants of “Blade Runner” and countless visions of machines replacing human creativity altogether. AI was cast as either humanity's next great breakthrough or the beginning of a dystopian future.
WIA: Nasstoys' Suzy Contreras Drives Sales With Personal Connection
Suzy Contreras' journey into the pleasure products industry has been steady and carefully cultivated. Across departments, accounts and nurtured relationships, Contreras has demonstrated commitment and passion at each step.
Key Questions Online Merchants Should Know About PCI Compliance
Choosing a payment provider involves more than comparing features and pricing. It's also about trusting that your customers' payment information is being handled securely. Every August, Segpay is recertified as a Level 1 PCI-compliant service provider, a milestone the company has achieved for the past 20 years. Having helped write Segpay's original PCI policy documents more than two decades ago, I've seen firsthand how PCI compliance has evolved.
Hannah Tyer Reveals the Inspiration Behind 'Touch Therapy' Couples Card Game
Relationship therapist Hannah Tyer believes there's a better way to get to the heart and soul of your sexual differences, and she's crafted a deck of cards to show couples the way.
