Mobile banking set to take off in UK, according to Lloyds TSB

Internet Business News, July 17, 2000

INTERNET BUSINESS NEWS-(C)1995-2000 M2 COMMUNICATIONS LTD

According to the first Money Management survey by Lloyds TSB, mobile management (m-management) is set to be the next 'craze' in the UK.

The popularity of m-management is currently sweeping Japan, where over three-quarters of the population own mobile phones, and has apparently also spread to Sweden and the US.

As part of the survey, Lloyds TSB asked people in the UK how they felt about managing their lives via a mobile phone while commuting. The results of the survey showed that younger people were more likely to embrace m-management then older people.

Few respondents in the study used their commuting time productively. A quarter of 14-16 year olds and 24% of 25-36 year olds currently read while travelling, while 36% of 16-24 year olds 'people watch'. The majority of 45-54 year olds (42%) said they preferred to listen to music while commuting.

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