Business Services Industry
US online banking set to grow according to Financial Insite report
Internet Business News, April 19, 2002
INTERNET BUSINESS NEWS-(C)1995-2002 M2 COMMUNICATIONS LTD
The number of US households that are either banking or paying bills online will grow from 20% in 2001 to 33% in 2005, according to a Financial Insite report.
The company goes on to state that there were 20m households conducting online banking or bill payment in September 2001, a number that is expected to rise to between 24m and 25m in 2002. Similarly, only 0.6% of consumer banking was carried out online in 2001. The figure for 2005 is predicted to be more like 17.6%.
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COPYRIGHT 2002 M2 Communications Ltd.
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