A recent survey by Compete has found that while still in its infancy, mobile banking is likely to grow, with 23 percent of consumers saying they would find mobile banking ‘very useful’.

While only 5 percent of people who use Internet banking do so using a mobile device, Mike Perlman from Compete believes that mobile banking adoption will grow. This will happen as more consumers access the Internet from a mobile device, and technology and partnerships make the usability of this banking channel easier.

Source: Mike Perlman, “Are Consumers Clamoring for Mobile Banking?” Compete, October 17, 2008

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