Number of mobile bankers to reach 800 million by 2011

New research predicts tenfold increase over the next three years

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By  Quintin Smith Published  April 17, 2008

A new research report from Juniper Research in the UK into mobile banking predicts that the number of consumers accessing banking services from their mobile phones will reach 816 million by 2011.

That figure would represent a tenfold increase from the number of mobile banking customers today. The report also states that the number of global mobile transactions will increase from 2.7 billion in 2007 to 37 billion in 2011.

Juniper points out that financial institutions are delivering an increasing variety of services in the mobile environment, including financial information services, funds transfer, bill payment and account management.

Other predictions include China and the far Eastern territories having the greatest number of mobile bankers in 2011, and the average value of mobile transactions doubling over the next few years.

The report, entitled 'Mobile Financial Services: Banking & Payment Markets 2007-2011', is available for free download from Juniper’s website here.

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