Mobile banking is growing, but payments may be their killer app

August 12th, 2009

Smartphones, 3G networks and cheaper mobile data plans are driving mobile banking penetration, and a comScore survey last month showed that 44% of smartphone owners bank via the mobile web.   Mark Walsh notes that a recent IDC report says “banks still have to find a ‘killer app; that pushes mobile banking into the mainstream and suggests payment services could do the trick.“