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Infinite, sustainable growth ideas and examples for strategic thinking executives every Sunday

THE BLOG

Innovate Africa With Dotun Adeoye Every Sunday

Infinite, sustainable growth ideas and examples for strategic thinking executives every Sunday

Bank explosion

Lessons from the mobile banking explosion

Mobile phone and internet banking transactions now total almost £1bn a day, a study has suggested. The technology is used for transactions worth £6.4bn a week, up from £5.8bn last year, the study by the British Bankers’ Association and EY found. There is a 2 – 3 million rise since January 2014.

Banks’ stock in trade is money. We can barely do without the banks these days, but the banks still invest so much in digital products like internet banking, mobile banking and more. The fact remains that we will still need the banks even if these digital products did not exist. However, these innovation has really exploded their profit.

Having your service or product on mobile will help you reach beyond your natural reach, engage busy people, make your business social and sets you apart from the competition. Mobile commerce should be an integral part of your business as mobile devices become more and more entrenched in our day-to-day lives.

You can reach me via [email protected] or +44203 097 1718.

Published on 2014-07-09 09:46

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Innovate Africa

With Dotun Adeoye

Every Sunday

DAWS 5

 Teaching business leaders how to grow their businesses & leave their legacy.