Mobile banking proliferates

According to a Mastercard survey, the proportion of mobile banking users reached 56 percent for the first time among bank card owners in 2020. 65 percent of 18-34 year old consumers are managing their finances on their mobile, but in the 50-64 year age group this proportion is also approaching 50 percent. As for the use of various app functions, 74 percent make money transfers, 71 percent check their bank account balance and 62 percent review their earlier transactions. //