INFOGRAPHIC: One billion people to use mobile banking by 2017 | Mobile Payments | Mobile Entertainment

INFOGRAPHIC: One billion people to use mobile banking by 2017

INFOGRAPHIC: One billion people to use mobile banking by 2017
Zen Terrelonge

by

Payments / Banking / March 11th 2013 at 1:20PM

Is the mobile banking revolution upon us?

Banks have started adapting their services for mobile users in recent years, developing apps and device-friendly websites to offer updates on the move. Now, analytics solutions provider FICO has produced the Mobile Banking Revolution infographic, which says one billion people will use mobile banking in 2017.

However, there are inhibitors as 45 per cent of users experience communications problems, and 72 per cent worry about fraud and privacy concerns. In related-news, 87 per cent of smartphone users avoid public wi-fi when banking for fear of an online attack.

Check out the infographic below.