New research from TNS Global, a leading market research firm in the capital, indicates that 60% of London residents now use mobile devices to manage finances, representing the largest proportion of any region in the UK. According to the research, 48% of people in the North East and Yorkshire regularly use their phone for banking activities, while only 42% of consumers in the South East and South West use a mobile banking app. The study also found that more than half (54%) of Londoners are using their phones for financial planning and only 17% have an account with a bank. While 48% of residents in the North East and Yorkshire regularly use phone banking, only 42% of consumers in the South West and South East use a mobile banking app. More than £146m has been transferred since Paym was introduced in the UK in April 2014, with the number of mobile payments doubling every six months. Approximately 25% of the global population is forecast to use mobile banking within the next three years.
New research from TNS Global, a leading market research firm in the capital, indicates that 60% of London residents now use mobile devices to manage finances, representing the largest proportion of any region in the UK. The study also found that more than half (54%) of Londoners are using their phones for financial planning and only 17% have an account with a bank. While 48% of residents in the North East and Yorkshire regularly use phone banking, only 42% of consumers in the South West and South East use a mobile banking app. More than £146m has been transferred since Paym was introduced in the UK in April 2014, with the number of mobile payments doubling every six months. Approximately 25% of the global population is forecast to use mobile banking within the next three years.