It is no secret that Mobile Banking is increasing becoming a popular way of banking for many users. Its convenience and efficiency has made it an important way of banking. In fact, in a report published by RaddonSM, a subsidiary of Fiserv, shows that mobile banking usage has grown from 7% of all consumers in 2010 to 41% today.
This report, released Thursday, called Grappling with Mobile Banking Engagement Issues by RaddonSM, also shows the impact of mobile banking on the other major banking channels, namely physical branches and ATMs.
