Mobile Banking

Here are our twenty most recent articles on Mobile Banking.

US hovers on edge of big m-banking push

A quarter of US community banks offer mobile services but this is set to increase sharply over the next 18 months, according to a survey from Banc Investment Group.

US and UK consumers prefer mobile to branch banking

According to a survey by mBlox, m-banking is gaining ground in the US and UK markets, surpassing both branch and phone banking in terms of popularity. The US/UK research was carried out by global research company OnePoll between 15-18 March, 2010.

M-banking in India: dual Strategy for rural and urban segments

Indian m-banking has two major segments: urban and rural segments. Celent estimates that urban m-banking subscribers will reach 65 million by 2012. The rural mobile segment represents a huge opportunity to bank the unbanked population, thereby adding a revenue stream.

Indian government to permit rural m-banking from July

People will be able to withdraw cash and transfer funds using their mobile phones in rural areas after the government approved the framework for introduction of such facilities by the banks.

China Mobile buys bank share

China Mobile has bought a 20% stake in Shanghai Pudong Development (SPD) Bank, for 39.8 billion yuan (€4.4 billion). Now the world’s biggest mobile operator in terms of number of subscribers (500 million), which has by far the greatest coverage in rural areas, has acquired a platform from which it can extend its m-banking offer.

Berg predicts 894 million m-banking users by 2015

New research by Berg Insight predicts users of m-banking and related services will grow from 55 million in 2009 at a compound annual growth rate of 59.2% to reach 894 million users in 2015.

ANZ to kill non-iPhone m-banking

Australia and New Zealand Banking Group (ANZ) will shut down its m-banking service, M-Banking, from 14 May due to "very low use", according to an article in ZDNet Australia.

US m-payments and banking adoption grows rapidly

The number of US consumers using their phones for mobile banking and mobile payments is growing significantly across all consumer segments, with exponential growth seen among the younger generations, according to a study released by Mercatus.

Are Banks from Mars, Mobile Banking Technology Vendors from Venus?

Although talked about for years, mobile banking has become a reality in 2010, to the point where it is viewed as the "fifth channel" of banking. By the end of this year, the majority of top 50 US banks with retail operations will offer some form of mobile banking, and there will be about 18 million mobile banking active users. Reaching large financial institution saturation, the banking and mobile vendor technology industries are rapidly approaching a point where competition will centre around innovation.

Citi Mobile for the iPhone

Citi has announced that millions of Citi credit card customers in the US can now manage their card accounts via the downloadable Citi Mobile application for the iPhone device.

Barclays enhances mobile banking service

Barclays has made a further enhancement to its mobile banking service which will allow customers to make payments to third parties.

MMV and Citibank launch m-banking in Thailand

Mobile Money Ventures (MMV), has announced the continued global adoption of its mobile financial services platform with the release of Citi Mobile in Thailand. The solution – now available in six countries – allows customers access to their bank accounts by using their phone's mobile browser.

Can India hit mobile banking targets in 2010?

India’s mobile phones will reach more than the targeted half billion people by the end of 2010 or 60% of the tele-density, going by the country’s telecom ministry estimates. On the contrary, despite six decades of banking nationalization, denationalization and technological upgrade, India has failed to reach at least half the number telecom has reached in terms of providing financial access to the unbanked millions.

Significant customer base growth for banks offering Mobile Financial Services

Banks offering mobile financial services can increase new customer acquisition by as much as 60%, according to a recent survey by Mercatus.

Scotiabank partners with M-Com

Scotiabank says it has developed a new partnership with M-Com that will bring mobile banking to Scotiabank customers in Q2 2010.

NatWest m-banking app

NatWest has launched a free mobile banking app for the iPhone. The app allows customers to check their account balances, recent transactions and manage their money on the move.

Cgap examines the future of mobile banking

Government and industry activism is vital if the potential of mobile banking is to be fully tapped to bring financial services to the world's poor over the next 10 years, according to a report from World Bank think tank Cgap and the UK's department for international development.

Cambodian bank selects M-Com for m-banking

M-Com says that ACLEDA Bank has selected its flagship product – BankAnywhere – to power its mobile banking and payment services.

Barclays adds third party payments to m-banking service

Barclays has upgraded its mobile banking service, adding a feature that lets customers make payments to third parties.

Zain extends m-banking services in Africa

Zain has announced an enhancement of Zap, its rapidly expanding mobile banking service currently available to over 100 million people in East Africa and run in partnership with CitiBank and Standard Chartered Bank.

Mobile Banking

US hovers on edge of big m-banking push

US and UK consumers prefer mobile to branch banking

M-banking in India: dual Strategy for rural and urban segments

Indian government to permit rural m-banking from July

China Mobile buys bank share

Berg predicts 894 million m-banking users by 2015

ANZ to kill non-iPhone m-banking

US m-payments and banking adoption grows rapidly

Are Banks from Mars, Mobile Banking Technology Vendors from Venus?

Citi Mobile for the iPhone

Barclays enhances mobile banking service

MMV and Citibank launch m-banking in Thailand

Can India hit mobile banking targets in 2010?

Significant customer base growth for banks offering Mobile Financial Services

Scotiabank partners with M-Com

NatWest m-banking app

Cgap examines the future of mobile banking

Cambodian bank selects M-Com for m-banking

Barclays adds third party payments to m-banking service

Zain extends m-banking services in Africa

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