A new report released by Global Industry Analysts Inc (GIA) entitled “Mobile Banking: A Global Strategic Business Report” estimates that the global customer base for mobile banking will reach 1.1 billion by 2015. The report provides annual forecasts for each region of the world from 2006 through 2015. It includes profiles on 84 key and niche players worldwide such as Bank of America, Barclays Bank, Citibank, JPMorgan Chase and Wells Fargo.

According to a press release on PRWeb, “convenience of mobile banking operations and need to lower transactional costs are major driving factors for the technology’s adoption. Growing demand for microfinance, mobile remittances and micropayments services from un-banked population in developing countries is also expected to boost uptake of mobile banking services.”

By: Stefanie Rubin, Research Assistant

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Source Article: PRWeb: “Global Mobile Banking Customer Base to Reach 1.1 Billion by 2015, According to New Report by Global Industry Analysts, Inc.,” http://www.prweb.com/releases/2010/02/prweb3553494.htm