All articles by Phil Sorrell

Phil Sorrell

The power of mobile payments

In a fast-paced world, consumers are increasingly tech savvy, always connected and used to having access to the information they need anytime and anywhere. This change in mentality has driven the rise in mobile banking as consumers look to new and more convenient channels through which to connect with their bank. Underlining the importance of the mobile channel, in 2011 smartphones sales overtook PC sales for the first time. According to market analyst firm Canalsys, nearly 488 million smartphones were shipped, compared to 415m PCs.