mobile banking statistics Archives

Smaller banks and credit unions face broadening mobile banking gap

02/14/2012 L. Green

The most recent report issued by Javelin Strategy & Research has identified a broadening gap between the adoption rates of mobile banking at smaller banks and credit unions, and that experienced by much larger banks and financial institutions. The data from the research firm showed that among regional and community banks, only 21 percent of consumers are adopting mobile banking. Similarly, only 15 percent of consumers are using mobile banking at credit unions. Comparatively, 37 percent of the customers of very large financial institutions are adopting the behavior. Banking using…

Mobile customers of Sallie Mae to learn more about financial responsibility

09/09/201109/09/2011 Jesse Collins

Sallie Mae – a financial services organization with a specialty in education – has announced that its banking customers will now be able to take advantage of some mobile features that will assist them in improving their money management skills. This new mobile feature from Sallie Mae will give account holders a way to transfer money, pay bills, or view account transactions and balances while they’re on the go, using an iPhone app. Furthermore, a new SMS feature will allow them to send and receive text messages relating to money…

In 2015, mobile payment transactions will be worth $670 billion per year

07/08/2011 Jennifer Goula

Juniper Research has released the results of their latest study regarding the value of near-field communications (NFC) transactions, mobile payments for purchases both digital and physical, and money transfers over mobile devices, and has announced that by 2015 it will have reached $670 billion. When compared to the total Juniper Research is expecting for this year, which is $240 billion, this is a notable increase. It also indicated that over the next year and a half, there will be twenty more countries that will start to embrace NFC payment services…