More than 1.75 billion mobile phone users will have used their devices for banking purposes by the end of 2019, compared with 800 million this year, according to a new study from Juniper Research.
The report, “Mobile & Online Banking: Developed & Developing Market Strategies 2014-2019,” notes that mobile banking technology is now available in most areas of the world, driven by rising consumer demand, especially in the developed regions. The study says emerging countries such as China, India and Bangladesh have seen significant growth in the use of mobile banking technology in the past 12 months.
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