Zimbabwe: Local Mobile Banking Rises
"THE use of advanced electronic transaction processes has grown significantly in this country, reflecting rising confidence in the banking sector by the transacting public. According to the Reserve Bank of Zimbabwe Governor Dr Gideon Gono, during the period January to August this year, the financial sector recorded electronic transactions worth a cumulative US$21 billion. This represents a 62 percent increase from the US$13 billion recorded during the same period last year."
Aussie Mobile Apps Growing Popularity in Global Wealth Management
"Global cell phone users are making mobile banking and wealth management applications one of the hottest items in an otherwise soft world economy. The growth in usage is enormous. The number of people using mobile financial apps to check their bank accounts and credit cards grew almost 50% in the first 6 months of this year.
A recent study by comScore, a leading US company keeping track of activity in the digital world, showed credit card users making bank visits via the mobile app overwhelm people using a computer almost two to one. This mirrors a recent statement from Facebook regarding mobile users demonstrating the pervasiveness of mobile app usage."
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