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Generation Y to drive the mobile banking growth in the U.S.

Categories: Research
By: , IntoMobile
Monday, May 21st, 2007 at 10:45 AM

A recent Celent’s report on mobile banking indicates that 35% of U.S. households will access their banking accounts using mobile phones by 2010. Benefits such as quick direct (seamless) payments with a cell phone will drive the growth of the mobile banking services. According to Celent, the so called “mobile contactless payments” will make up to 10% of the contactless market by 2010. Furthermore, the report says that while at the moment mobile banking is being used by less than 1% of population in the States, the growth is set to come especially from the Generation Y, consisting of 18- to 25-year-olds… Read the full release here.

Generation Y to drive the mobile banking growth in the U.S.

About The Author

Dusan Belic

Dusan has been using smartphones since their introduction and is now following the latest trends in the industry. The "convergence" is what he's most excited about, and writing about it is the next logical thing to do. He thinks that using a smartphone is what everyone who cares about their time should do. In addition to his interests in mobile phones, Dusan also loves to experiment with the latest web and mobile 2.0 services. The idea of accessing and managing your information from any device no matter where you are simply amazes him. Whether it's an online to-do list, note taking service or a video sharing social network, he's there to try it out. He admits though, he's still searching for the ultimate web-based organizational tool, which "sings" perfectly with the mobile PIM application. Dusan used to run SymbianWatch.com which later became part of IntoMobile. He lives in Serbia, South-East Europe, from where he edits the site on a daily basis.