View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Distribution
February 20, 2012updated 04 Apr 2017 1:05pm

UK mobile banking numbers soar by 86% y-o-y

UK mobile banking growth has soared by 86% in the past year according to digital consultancy comScore. In the three month period to end December 2011, over 4.8m UK smartphone users accessed their bank accounts on-the-go, compared to 2.6m in the same quarter a year ago. Amongst the nearly 20% of UK smartphone owners using online banking via their mobile device, a growing number is accessing these services on a daily basis

By Douglas Blakey

UK mobile banking growth has soared by 86% in the past year according to digital consultancy comScore.

In the three month period to end December 2011, over 4.8m UK smartphone users accessed their bank accounts on-the-go, compared to 2.6m in the same quarter a year ago.

Amongst the nearly 20% of UK smartphone owners using online banking via their mobile device, a growing number is accessing these services on a daily basis.

The number of daily users rose by 136% since last year, with 889,000 smartphone users (3.5% of the total smartphone audience) making use of the service in December 2011.

According to comScore, the Netherlands and France have the highest penetration of internet banking users in Europe.

Online banking sites reached 66.3% of the total internet audience in the Netherlands ahead of France with 59.9%.

Sweden ranked third with 55.9% ahead of the UK and Finland (53.2% and 53.1% respectively).

Across Europe, 147.5m internet users visited online banking sites in December, representing 38.7% of the total internet audience.

In addition to the Netherlands having the highest online banking penetration, Dutch bank ING ranked as the leading online banking website in Europe, attracting 11.2m unique visitors during December.

Ranking as a close second was the online channel for France-based Crédit Agricole with 10.7m unique visitors. Lloyds Banking Group rounded up the top three with 9.4m visitors during the month, ahead of Societe Generale with 8.6m and Germany’s Sparkassen-Finanzgruppe (8.59m).

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Wednesday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Retail Banker International