NextBillion - An Initiative of the William Davidson Institute at the University of Michigan

Wednesday, July 9, 2014

Emerging countries such as China, India and Bangladesh witnessed significant growth in the past 12 months, the Juniper study found.

More than 1.75 billion mobile phone users will have used their devices for banking purposes by the end of 2019, compared to 800 million this year, according to a report from Juniper Research.

Emerging countries such as China, India and Bangladesh also witnessed significant growth in the past 12 months, the study found.

The report also noted that nearly 100 percent of the banks analyzed had some sort of mobile (SMS, browser and app based) and online banking offering, with almost every bank having apps available for at least one smartphone operating system.

Banking apps are ranked highly among the most downloaded financial apps in different app stores, with banks reporting high number of average logins per month per user.