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Online banking increasing in the UK
Internet Business News, Sept 8, 2003
INTERNET BUSINESS NEWS-(C)1995-2003 M2 COMMUNICATIONS LTD
Payment services group BACS has completed a report showing that the number of consumers in the UK using online banking services has doubled in the last two years.
In 2000 there was just 3.5m people using some form of online banking service yet this figure rose to 7.8m by the end of 2002. Similarly, the number of people that are paying bills or transferring money over the Internet or telephone has also increased by 44% from 2001 to 7.2m in 2002. There was a total of 72m payments made online last year, of which approximately half were credit card payments.
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Most Popular Articles in Technology
- An overview of continuous data protection
- Why all those current ratings?
- Many countries now have a mobile penetration rate above 100%, report says
- The Tata Group's big telecom gamble: VSNL's recent acquisition of Tyco ...
- MEASURING BANK BRANCH EFFICIENCY USING DATA ENVELOPMENT ANALYSIS: MANAGERIAL ...
- More »