Mobile banking adoption due to surge in ASEAN
TelecomAsia - Telecom Asia - 01-10-15 08:34
The number of mobile banking users is forecast to double to 1.8 billion by 2019, accounting for more than 25% of the world’s population, according to KPMG.
A report by the company on mobile banking trends, using primary survey data from the UBS Evidence Lab, finds that while mobile is already the largest banking channel by volume of transactions, its adoption by new customers is entering an exceptionally rapid phase.
Over the next five to 10 years, mobile banking will see dramatic growth and this exponential increase will also be seen across Southeast Asia.