Title:

European Mobile Banking: An Inconvenient Truth

Price:$249.00
Publication Date:Oct 25, 2007
Source:Forrester Research
Author:Benjamin Ensor
Report Type:Trends
Word Count:4124
Length:10 Pages
Description:Although most leading European retail banks offer mobile banking services based on SMS and mobile Internet to everyone with a capable phone, only 5% of Net users use them today. Those who do tend to be young, technology-savvy males with above-average incomes who already bank online. They predominately use their mobile for simple interactions like balance checks and SMS alerts. Why is adoption so low? Nonusers say they don't see the benefits, are not aware that it is available to them, or have security concerns. Banks offering mobile banking should broaden awareness for simple, timely, and location-relevant applications among young, technology-savvy online banking users.
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Forrester Research identifies and analyzes emerging trends in technology and their impact on business. Forrester provides companies with rigorous research, practical ideas, and objective guidance to help them thrive on technology change. Research topics include Automotive, Financial Services, Healthcare, IT Security and Spending, and Media and Entertainment, to name a few.

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