Is That a Bank in Your Pocket? Assessing Mobile Banking Adoption

Yesterday morning, I paid all of my monthly bills sitting on a bench in a park near my home. There was no Wifi, no laptop, no checkbook. There was just an LTE connection and an iPhone.

And I am not alone. Consumers are moving to mobile at an accelerating pace. Banks, conservative by nature, are struggling to keep up. In the video below, Motley Fool contributor Jay Jenkins discusses the current state of mobile banking at established giants like Wells Fargo , Citigroup , Bank of America , and JPMorgan Chase , and the future of banking in a mobile world.

Want to get in on the smartphone phenomenon? Truth be told, one company sits at the crossroads of smartphone technology as we know it. It's not Nokia... or Verizon... or even Apple! In fact, you've probably never even heard of it! But it stands to reap massive profits NO MATTER WHO ultimately wins the smartphone war. To find out what it is, click here to access the "One Stock You Must Buy Before the iPhone-Android War Escalates Any Further..."

The article Is That a Bank in Your Pocket? Assessing Mobile Banking Adoption originally appeared on Fool.com.

Fool contributor Jay Jenkins has no position in any stocks mentioned. The Motley Fool recommends Bank of America, Google, MasterCard, Starbucks, Visa, and Wells Fargo. The Motley Fool owns shares of Bank of America, Citigroup, Google, JPMorgan Chase, MasterCard, Starbucks, and Wells Fargo. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.