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According to this research, large percentages of the sample reportedly use mobile devices for financial transactions. As much as two thirds doing some kind of banking transaction, whereas about 40% have reportedly used their device to do a money transfer transaction. (40%!!). If this is just partially true, this is a major revolution. I still remember people talking about the potential of mobile banking for small businesses in the US just one year ago.
Granted, some of the transactions are e-mail based. (This is what you get in a Blackberry dominated society). Something to blog about in future maybe: Can an e-mail channel on a Blackberry be utilised for mobile banking?
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