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@PeterAfrica Peter is a mobile payments professional and advocate for the use of mobile banking.
The largest banks, like Chase, are also expanding their use of mobile banking technology.
The most common use of mobile banking is checking balances or recent transactions, along with transferring money between accounts, the report found.
Research by the British Bankers Associationn shows that the use of mobile banking apps has now overtaken that of internet banking and branch services.
In terms of use of mobile banking, considering the same assumptions, the best predictors are: (i) intention, and (ii) performance expectancy.
Use of mobile banking is on the rise as more people with smartphones look for new ways to manage their money and investments on the go, Shaw says.
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Secondary education can raise awareness among the younger generation about the different uses and benefits of mobile banking.
"In this era of mobile banking, use of counterfeit devices, which are manufactured without due consideration to the recognised security standards, may expose our mobile money systems as well as the wider banking and financial system to unnecessary risks," said the communications secretary Dr Bitange Ndemo.
While comScore found that just 3percentt of mobile banking customers use Apple devices, Mr. Trudeau said the iPhone had paved the way for applications that let customers accomplish tasks more efficiently than with a phone's Web browser.
And that increased cell phone use has led to the rise of mobile banking.
The primary emphasis of this service is to extend mobile banking accounts, create consciousness about mobile banking, and spread information regarding the benefits of mobile banking.
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