Absa cellphone banking sees 65% growth
"According to statistics released by Absa, cellphone banking transactions between the company’s three mobile banking services have increased by 65 percent year-on-year. 'Cellphone Banking adoption continues to beat expectations,' says Absa Retail Bank Chief Executive, Gavin Opperman. 'In 2011, we will see transaction values of about R10 billion transferred via the mobile channels.'”
CommBank sets sights on HTML5
"The Commonwealth Bank of Australia has revealed plans to focus on emerging web language HTML5 for its mobile banking offerings. When the bank showcased its range of mobile applications in March, developers said they needed to work on various mobile platforms natively to get the most out of each device. Native app development was particularly important for the Commonwealth Bank’s property guide, which used the camera and mapping capabilities of Apple’s iPhone."
National Bank of Kuwait launches advanced mobile banking application
"NBK General Manager, Consumer Banking Group, Mazin Saad Al Nahedh, said, 'The new mobile banking application is aligned with NBK's commitment to providing its customers with the best and most up-to-date banking services. NBK Mobile banking is safe and easy to use, offering customers banking services with the added convenience of their mobile devices. NBK is keen on developing services that meet demands and extend its reach to make banking more convenient for customers.'"
How do banks monetise mobile channels?
"The era of mobile banking and mobile payments is dawning. Around the world and across the banking value chain, everyone is waking up to the huge potential of a market that is changing the way customers interact with financial institutions.
Banks are responding to this mobile evolution in a number of ways. Some are getting ahead of customer demands by developing and deploying innovative mobile solutions with an eye towards gaining market share and driving new sources of revenue. Others are waiting for standards to be set and for customer demand to hit critical mass."
Leapfrogging from e-banking to m-banking
"Mobile banking in India is still at its nascent stage, the country’s 800-plus mobile subscriber base combined with lack of proper banking infrastructure and low penetration of computers and broadband offers big scope for the service in the country. Though e-banking using mobile phones is a convenient utility service for users, it is used by only about 1.96 million or 12% of the 16.4 million active mobile Internet consumers in the top eight metros of the country, according to a recent report by Internet and Mobile Association of India or IAMAI."
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