1 in 5 bank with their mobile
Published 3 April 2013 by Matthew Plant
Around 1 in 5 people in the UK use their mobile to manage their money. That's an increase of over 100% since 2010.
Here in the UK, an estimated 1 in 5 people now use mobile banking, says FICO - over twice as many as we saw back in 2010.
And many more want to. Across the UK and the US, around 3 in 5 would like to use mobile banking. FICO reckons that:
- 52% of people in the UK want to see a greater variety of online services
- 32% want to see more apps
- 31% want more personalised services.
As you'd probably expect, younger people are the most likely to use their mobiles when they're handling their money. Look at the 16-35 age group and you'll find 1 in 3 do it (that's in the US as well as the UK).
Another study, by the Federal Reserve Board, tells us some more about mobile banking in the US. Just published, it looks at the 12 months leading up to November last year. In that period:
- Over 1 in 4 mobile phone users had used mobile banking
- Almost half of all smartphone users had.
At thinkmoney, we know how important it is to manage your money the way you want to, whether it's over the phone, by SMS or via the internet (smartphone or PC).