Mobile banking to reach 2 bn users by 2020

mobile-banking-userOver 2 billion mobile users will use their devices for banking purposes by the end of 2021, compared to 1.2 billion this year globally says Juniper Research.

The new research, Retail Banking: Digital Transformation & Disruptor Opportunities 2016-2021, found that the number of mobile banking logins are now exceeding that of internet banking logins in many markets. For example, the BBA (British Trade Association for Banking) announced that banking app logins in the UK reached a record 11 million per day during 2015, compared to 4.3 million internet banking logins during the same period.

Meanwhile, a recent Consumer Survey conducted by Juniper Research found that around 65 per cent of mobile banking customers in the US and the UK uses an app to conduct banking services….For more information, visit :http://www.varindia.com/mobile-banking-reach-2-bn-users-2020/

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