Mobile banking use to grow

June 22nd, 2009

Consumer trust in their phones as devices for financial use continues to build. The number of Americans actively using mobile-banking services could grow to 53.1 million by 2013, an increase of 431% from an estimated 10 million today. That’s the prediction from research firm TowerGroup Inc., which issued a report about what it calls mobile banking’s evolution from a niche play to mainstream delivery channel for financial services from 2008 to 2013. Alsomentioned in this piece: Gartner Inc., predicts that the number of mobile-payments users worldwide will increase 70% this year to 73.4 million, up from 43.1 million in 2008.