0
Wireless

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.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Categories: Mobile & Wireless
Companies: Monitise
Countries: United Kingdom
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Monitise FY revenues more than double

Published 01 Sep 2011 13:59 CET | World
Monitise saw its revenues for the year ended 30 June increase 133 percent year-on-year to GBP 14 million. Half-on-half revenues ...

Monitise, RBS Technology Services enter new partnership

Published 31 Aug 2011 17:44 CET | United Kingdom
Monitise has signed a new global strategic partnership with RBS Technology Services to broaden mobile banking and payments ...

UK mobile networks set up m-commerce, payments JV

Published 16 Jun 2011 14:25 CET | United Kingdom
UK mobile network operators Everything Everywhere, Telefonica UK and Vodafone UK have joined forces to launch a mobile marketing ...

Monitise opens research centre in South Wales

Published 30 Mar 2011 11:06 CET | United Kingdom
Mobile banking software provider Monitise opened a new research and development technology centre in South Wales that will create ...

Mobile Money Network to unveil first m-payment service

Published 28 Mar 2011 14:56 CET | United Kingdom
The Mobile Money Network (MMN), a joint venture between Monitise, Best Buy Europe and Carphone Warehouse founder Charles ...

Monitise to offer new app for UK BlackBerry users

Published 18 Mar 2011 08:27 CET | United Kingdom
Mobile banking software provider Monitise will offer a new banking app for UK BlackBerry smartphone users this summer. The new ...