2 out of 3 small businesses now banking with mobile

by The Financial Brand

Just when you thought you had mobile banking under control, this survey of small businesses should remind you there is more to the mobile space than just the consumer market.

One in three small businesses now say they use mobile banking on a weekly basis, while another third use mobile banking but less frequently. 33% claim to have never used mobile banking at all. Only 18% see no need for mobile banking.

By comparison, 75% of small businesses say they use online banking on a weekly basis, 21% use online banking less frequently and 4% have never used online banking at all.

These findings are part of a study, “Monetizing Mobile Banking for Small Business Customers,” which examines how small businesses are currently utilizing mobile banking services, as well as what features they would benefit from and whether they would be willing to pay for them.

continue reading »