Users banking on tablets to reach 200 mn mark in 2017: Report

Last Updated: Tuesday, March 19, 2013 - 15:57

Washington: The number of users of transactional tablet banking services will be almost 200 million in 2017, a new report has suggested.

The report by Juniper Research pointed out the increase in user acceptance of "push" mobile banking and a sharp rise in tablet adoption.

The report said that there will be approximately 19 percent of total mobile banking customers in 2017, over twice the nine percent this year, as consumers engage in increasingly mobile lifestyles, Enterprise Innovation reports.

The report finds that tablet users' adoption of bill presentment and payment (MBPP) transactional banking will be higher than that mobile handset users', especially in the developed areas where tablets are most popular.

However, with banks bundling MBPP services within their mobile banking platform and additional momentum from easy to use smartphone apps, mobile phone transactional banking usage will quickly increase.

According to the report, Juniper said the number of mobile banking users would exceed 1 billion in 2017, representing 15 percent of global mobile handset users.


First Published: Tuesday, March 19, 2013 - 15:57

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