En español | Nearly 20 percent of U.S. English-speaking Latino adults — twice as many as non-Hispanic whites — use cell phones to perform financial transactions. That trend is driven by Hispanics' increased use of cell phones in general, with 30 percent having no landline.
With a cell, consumers take care of business anywhere, 24/7. No need to drive and stand in line to pay a utility bill, dig for a credit card or cash to pay a clerk or plug the meter, or be tied to a computer. Just use a phone to hop on the Internet, or text or call the billing department to make a payment. Or bank or transfer and wire money by phone. And those with the right phone can also use apps to pay by simply displaying their screen.
Ready for mobile commerce? What you'll need
A cell phone. That's all you'll need to call or text to transact business. You'll even be able to pay for parking in some spots.
A smartphone with an Internet connection. That's what you'll need to go on the web to bank, transfer money, shop or pay your bills. To wire money, you’ll need an iPhone, Android or BlackBerry, and both sender and receiver must have PayPal accounts.
The right app. In select places, you can pay for groceries or coffee by displaying a barcode that you pull up on your smartphone. Your bill will then be automatically debited from your prepaid card account.