M-Banking to Hit 900 Million by 2014 - Study

Newsflash from Finextra.com.

13/03/2009

M-BANKING USERS TO HIT 900 MILLION BY 2014 - STUDY

Global mobile banking take up is set to soar over the next five years, with the number of people using the technology growing from 20 million in 2008 to 913 million in 2014, a CAGR of 89%, (Compound Annual Growth Rate) according to Berg Insight.

The research suggests Asia Pacific will be become the most important regional market, accounting for 65% of the total user base, whilst the technology will also pick up in Africa and the Middle East, bring financial services to people currently unbanked.

Continue Reading at Finextra: http://www.finextra.com/fullstory.asp?id=19769

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