The U.S. financial industry’s adoption of mobile banking has been relatively slow. Estimates for the number of banks and credit unions offering mobile banking are hard to nail down. Javelin Strategy & Research: Only 74 percent currently own mobile devices. The recession is likely to blame for the crippled growth of mobile technology, analysts say. Forrester Research: Banks and credit union need to evaluate the benefit the mobile channel brings to the user experience. The ROI of mobile is important for institutions to offer basic mobile banking, such as SMS/text banking.”]
Source: https://www.devicesecurity.io/mobile-banking-grows-slowly-a-2860