Consumer Finance: Mobile tipping point will disrupt Irish banking
Disruption is the buzzword within the tech space at the moment, and for good reason, writes Shane O'Leary.
The British Bankers' Association recently released data illustrating that download rates for banking apps exploded in the past year, while smartphone payment usage doubled from nine million transactions to more than 18 million in 2013. The way people manage their money is changing.
Meanwhile, more than 360,000 people have registered for a mobile-to-mobile payments system called Paym. The service is backed by most of the major British banks, including Lloyds, Barclays and HSBC. Customers can make a...
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