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Mobile Banking Booming in Canada

By Mercator Advisory Group
November 29, 2011
in Analysts Coverage
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Bitcoins Connected To The Neural Network. 3D Scene.

Bitcoins Connected To The Neural Network. 3D Scene.

Surveys show that Canadian consumers are increasingly using their mobile devices to carry out banking transactions.

Nearly half, or 49%, of Canadian smartphone users expect to bank from their device in the next 12 to 24 months, according to a new survey.

The survey found that 35% of Canadian smartphone users have done banking on their mobile devices in the past 12 months. Of those, 53% were 18 to 34 years old, compared with 38% of respondents 35 to 54 years old and 12% of those 55 or older.

Mobile banking has become a natural choice of many consumers worldwide as mobile phones become ever more powerful, mobile banking services are becoming more reliable and user-friendly, and faster mobile data connections makes the experience more enjoyable.

Read more about the whole story here: http://www.cutimes.com/2011/11/23/ca…ng-seen-rising

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Tags: Mobile Payments

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