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By: Oren Kedem
Mobile banking and mobile payments are becoming the method of choice for users wishing to bank online. Nearly two-thirds of Americans own a smart phone, and that number is only expected to rise exponentially in the coming years. Mobile phones have increasingly become tools that consumers rely on for a range of financial activities, such as payments, budgeting, and shopping.
According to KPMG’s Global Mobile Banking Report and UBS Evidence Labs, the number of mobile banking users globally is forecast to double to 1.8 billion over the next four years, representing over 25% of the world’s population…read more.