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Online Banking Booming…

June 25th, 2009 Fiaaz Walji No comments

 

As I speak to my friends and colleagues, it seems that there is still a large percentage of my social circle that have not fully embraced internet or online banking . This continues to surprise me, but in reading the recent article on CNET News, it would seem that my personal Canadian micro-study reflects the results of a larger (more scientific) study done by the Gartner Group in the US and UK.

They found that among  the 4000 or so adults surveyed in the U.S., 47 percent said they now bank online. In the U.K, 30 percent echoed the same response.

41 percent of U.S. consumers and 38 percent in the U.K. blamed security as the most important reason for not banking over the Internet.