M-banking uptake doubles in 2 years in the UK

Tuesday 24 May 2011 | 17:01 CET | News
The number of UK citizens who manage their money using their mobile has doubled in two years to almost 10 percent of the population today, according to a survey of 1,000 adults by the Future Foundation think-tank on behalf of Monitise. This number will exceed 50 percent in the next few years as banks and retailers take advantage of the widespread adoption of smartphones, apps and 3G phone networks to deliver new services. A major factor will also be the emergence of 'tap-and-go' payments using Near Field Communications, plus an increase in the range of Mobile Money services, e.g.

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Categories: Mobile & Wireless
Companies: Monitise
Countries: United Kingdom
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