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Key drivers in the global M-banking industry include new ways to save time in conducting transactions

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Global M-Banking Market 2012-2016 - a new market research report on companiesandmarkets.com

 

PR-Inside.com: 2014-03-21 18:07:01
With the fast paced world, both money and time are becoming increasingly scarce. People seek platforms which are user-friendly and time-saving for conducting their transactions. In response to this, the banks and financial institutions have evolved and innovated newer platforms such as m-banking considering the convenience of the people.

Mobile banking has been a revolution in the banking and payments industry. The high penetration of mobile phone and the growing acceptance has played an instrumental role in the growth of the market in the last decade.

The Global Mobile Banking market to grow at a CAGR of 22.47 percent over the period 2012-2016. Mobile phones have become an integral part of people´s life. Most of their behavioral aspects and needs can be mapped with the help of their mobile related activities.

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