24/08/2009

Payments and Social Networking Key Drivers for Mobile Banking

A new report from IDC Financial Insights emphasizes that banks should prepare themselves for the imminent wave of mobile adoption.

 

IDC Financial Insights believes that payments might just be the "killer" application that propels mobile banking as mainstream.

 

Social networking, while no doubt exploding in popularity, can also be a driver to more success in the future for mobile banking.

 

Therefore, IDC Financial Insights recommends banks take a strategic look at mobile banking as a separate business rather than view it as an extension of internet banking and online bill payment.

 

 

You can find the key finding here.