The number of people using banking services on their mobile phones is doubling every year according to new figures from ABI Research. It's forecast there'll be 407 million people worldwide carrying out banking transactions on their mobiles in 2015, up from 52.2 million last year. Most mobile banking customers currently come from the Asia-Pacific region, with growth in India particularly notable.
A separate ABI report notes the growth in mobile shopping, with about 8% of all online purchases expected to be made on mobile phones within five years. By 2015, shoppers worldwide are expected to use their mobiles to spend about $119 billion (£76 billion) on goods and services.