Online banking has many benefits. Two of the most important of these are speed and convenience. People who participate in online banking can access their accounts, view their statements, make transactions, pay bills, and more all from their homes, or on the go. It is because of these benefits that roughly 51 percent of U.S. adults participate in online banking.
The U.K. is the world’s largest and most significant Fintech hub. In fact, in 2015, the size of the U.K. Fintech market was roughly 6.5 billion sterling. This makes it a great place to grow an online banking brand. However, even though theU.K. is the world’s leading FinTech market, that does not mean that any online banking company will flourish there. Here are some great tips for growing an online banking brand that can help your company reach heightened success in the U.K.
Mobile payment is a trend on the rise. In fact, roughly 50 percent of millennials in the U.S. have now used a mobile wallet. The reason why mobile payments are growing in popularity is because they are swift, convenient, and more seamless than traditional cash or credit card payments.