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Texas ISD School Guide
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ESL English Lesson: Mobile banking surges ahead
David Robinson

Recently a study by the British Banking Association (BBA) reported a doubling in mobile banking transactions, which will further increase the risk to branch banking. The number of transactions carried out on smartphones and tablets in the UK at the end of 2013 reached 18.6 million per week.

In 2013 mobile banking transactions more than doubled. The BBA said the pace accelerated and would more than double again to two billion transactions this year, which is more than 5 million transactions a day. Laptop and desktop online banking is also expected to increase dramatically putting further pressure on High Street branch usage. The BBA said transactions at Royal Bank of Scotland branches fell by nearly a third in five years.

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