Tag: mobile banking

Mobile banking reaching new heights

Mobile banking is taking hold in Australia. The Market Intelligence Strategy Center, a financial services consultancy, has released new information concerning the state of mobile banking and mobile commerce within the country. More consumers are finding it easier to manage their finances through their mobile devices. This includes paying for products, managing investments, and accessing their bank accounts. These are all aspects of mobile commerce, a phenomenon that is growing in popularity around the world.

Analysis shows mobile banking reaches 6 million users

According to the Market Intelligence Strategy Center, mobile banking in Australia has exceeded 6 million users. The firm notes that it took nearly four years for Internet banking to reach the same milestone, but mobile banking has reached it in just over three. This data is based off of figures released by the Australian Communications and Media Authority, which notes that the adult population using smart phones is at 8.7 million strong throughout the country.

Banks begin embracing mobile consumers

The nation’s banks have been embracing mobile technology aggressively. Over the past year, nearly all Australian banks have made changes to their services in order to be more accommodating of mobile consumers. Many of these banks have seen the majority of their traffic come from Android devices, with iOS devices coming close behind. These banks have also found the mobile technology is a great way to sell products to consumers, as they enjoy a nearly constant connection with customers through a variety of mobile banking applications.

Focus on mobile may be good for banks

Mobile banking is expected to become more popular as mobile Internet speeds increase. 4G connections are becoming more common, but have yet to become universally available to all consumers. As Internet speeds increase, consumers are more likely to increase their reliance on the mobile devices they have come to love. This may be good news for Australia’s banks, as well as the country’s various mobile commerce initiatives that are working to attract the interest of mobile consumers.

The software team based in Norway will be partnering with Neomobile out of Italy.

Opera Software has just announced that it will be working with Neomobile, a specialist in direct carrier billing, in order to provide the users of the Opera Mini browser to make one click mobile payments from their smartphones in order to make purchases of digital content.

The purchases can be made quickly and easily and the total amount is added to the user’s cell phone bill.

The company stated that there are over 208 million people who are already using the app in order to access the web. An additional 21 million are using Opera Mobile. The hope is that the new partnership will result in operator billing on the Opera Payment Exchange (OPX).

The OPX is a form of link among mobile payments billing systems and content publishers and providers.

According to Opera, it helps to make certain that mobile payments can be quickly and safely made in a simple and secure way over the Mini browser.

On the other hand, Neomobile is a company that offers mobile payments solutions, but it is also a worldwide mcommerce group. It provides the users of smartphones and tablets with content in a partnership between digital content services and producers, and carriers.

The new agreement between Opera and Neomobile was just announced, indicating the very first steps that the two companies would be taking together. At the moment, and for the first while, it will impact only the mcommerce group arm of the company. This means that the mobile payments can be used for purchasing music, games, video, and other types of digital content that can be downloaded or viewed from the device. It takes only one click for the direct carrier billing through the Mini browser, and it is available to consumers in eleven different countries.

For now, these mobile payments will not be available for actual physical goods that must be shipped to the consumer. It is applicable only to digital content that can be obtained right away through the use of the smartphone or tablet device.