The world domination of mobile technology

The world domination of mobile technology

Mobile is now the largest channel for the majority of banks in terms of volume of transactions, according to our Mobile Banking 2015 report produced in collaboration with, and using primary survey data supplied by, UBS Evidence Lab. Its importance should not be underestimated.

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Global Mobile Banking

Using primary survey data from Mobile Banking 2015, we analysed the current state of mobile banking and look at the future of the banking industry.

  • We forecast that the next 5-10 years may see exponential growth before ubiquity flattens the growth curve
  • Mobile capability is already a key factor in the selection of a new bank by switchers
  • Banking and other financial services will rapidly become an available ‘layer’ to be added to any mobile application that needs them
  • Generally, mobile banking services are led by the banks in the developed world and largely by the telecommunications industry in the developing world
  • Banks with sound mobile strategies combined with effective execution and partnerships are well placed to succeed in this exciting dynamic channel.

Read the full report (PDF 4.33 MB)

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