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Article: Mobile banking will continue to experience sluggish growth in Western Europe, says IDC.
- Article from:
- M2 Presswire
- Article date:
- May 27, 2003
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M2 PRESSWIRE-27 May 2003-IDC: Mobile banking will continue to experience sluggish growth in Western Europe, says IDC(C)1994-2003 M2 COMMUNICATIONS LTD
RDATE:05272003
Milan, Italy -- According to the latest IDC forecasts, 4.6% of the total Western Europe population will access financial services and information, including banking, investing, and insurance, via mobile connection by the end of 2007.
As far as the specific area of mobile banking is concerned, data shows that growth will continue to be slow over the first five years after launch, particularly compared to online banking. In addition, IDC forecasts that the percentage of online ...