Mobile banking is on the rise
Wednesday, Jul 14, 2010 Filed Under :Planet Talk Card News
News brought to you by Planet Talk - cheap international calls made easy.
Banking via mobile phones has nearly doubled since last year, according to recent findings published by the IDC financial insights.
It was also found that the number of financial organisations that allow customers to access their bank accounts through cellular phone handsets has also increased significantly.
Marc DeCastro, research manager, consumer banking and credit at IDC Financial Insights, said clients were becoming more and more comfortable with accessing banking facilities outside of the physical buildings of banks.
He said: "While many financial institutions have jumped into the mobile banking space and are offering solutions, some are still pondering their entrance. Those that have already installed a solution may also be looking at modifications or enhancements to their first-generation rollouts."
Recently, Pyramids Research published a report that revealed the broadband penetration in Africa and the Middle East is likely to be led by 3G and WiMAX rather than fixed line infrastructure.
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