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Juniper Research Limited Church Square RG21 7QW Basingstoke http://www.juniperresearch.com
Contact Ms Jessica Hanslip +44 1256 830001
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Juniper Research Limited

Mobile Banking Service Adoption to Reach over Half a Billion Users by 2013 Despite Economic Downturn

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Despite the challenging economic climate and threat of further global recession, a new report from Juniper Research finds that mobile banking users worldwide will reach 530 million by 2013, up from just over 300 million in 2011. Indeed, Juniper finds that mobile services are becoming a fundamental component of banks' business strategies as they respond to the current financial crisis.

The 5th Channel

The report found that as banks migrate from traditional bricks-and-mortar approaches and seek competitive differentiation, mBanking offers an opportunity for all banks to improve operational efficiencies and customer retention and acquisition as a cost-effective communication channel.

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