25% of world’s population to use mobile banking in four years

More than 25% of the world’s population will use mobile banking in the next four years, research from KPMG using data from UBS Evidence Lab reveals, predicting the number of users will double to 1.8bn. “Mobile banking is clearly supplanting all other channels as the main portal between the bank and the consumer,” says KPMG’s David Hodgkinson. “Banks must adapt or die.”

  • Willam Hugh Murray, CISSP

    Let us hope that it is far more than that. Cards, even with EMV, remain vulnerable to fraud. Mobile payments address most if not all, of those vulner