September 16, 2019

Study: Mobile banking users to exceed 1 billion worldwide by 2017

It seems that mobile banking has arrived. This year 590 million mobile phone users across the globe will use their device for banking purposes; by the end of 2017 the number will exceed 1 billion. According to Hampshire, U.K.-based Juniper Research, that 1 billion will represent more than 15 percent of the world’s mobile subscriber base. And the numbers gain additional significance in light of the fact that half of mobile phone users are unbanked. ~ ATMmarketplace