Smartphone mobile banking apps have become more popular in recent years and many banks have launched apps to provide a more effortless experience to their customers. In a survey conducted among approximately two thousand active bank account owners who also use mobile phones regularly in the United Kingdom, approximately 27 percent used a mobile banking app to send money to friends and family. While mobile banking is a common way to transfer money, online banking and money transfer companies such as PayPal still hold first place.
Share of people who used smartphone mobile banking apps to send money to friends and family in the United Kingdom (UK) from 2015 to 2019
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Statistics on "Payment instruments - United Kingdom and Ireland"
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Ipsos MORI. (September 30, 2019). Share of people who used smartphone mobile banking apps to send money to friends and family in the United Kingdom (UK) from 2015 to 2019 [Graph]. In Statista. Retrieved May 29, 2020, from https://www.statista.com/statistics/1090667/share-of-people-who-use-mobile-banking-to-transfer-money-to-friends-and-family-uk/
Ipsos MORI. "Share of people who used smartphone mobile banking apps to send money to friends and family in the United Kingdom (UK) from 2015 to 2019." Chart. September 30, 2019. Statista. Accessed May 29, 2020. https://www.statista.com/statistics/1090667/share-of-people-who-use-mobile-banking-to-transfer-money-to-friends-and-family-uk/
Ipsos MORI. (2019). Share of people who used smartphone mobile banking apps to send money to friends and family in the United Kingdom (UK) from 2015 to 2019. Statista. Statista Inc.. Accessed: May 29, 2020. https://www.statista.com/statistics/1090667/share-of-people-who-use-mobile-banking-to-transfer-money-to-friends-and-family-uk/
Ipsos MORI. "Share of People Who Used Smartphone Mobile Banking Apps to Send Money to Friends and Family in The United Kingdom (Uk) from 2015 to 2019." Statista, Statista Inc., 30 Sep 2019, https://www.statista.com/statistics/1090667/share-of-people-who-use-mobile-banking-to-transfer-money-to-friends-and-family-uk/
Ipsos MORI, Share of people who used smartphone mobile banking apps to send money to friends and family in the United Kingdom (UK) from 2015 to 2019 Statista, https://www.statista.com/statistics/1090667/share-of-people-who-use-mobile-banking-to-transfer-money-to-friends-and-family-uk/ (last visited May 29, 2020)
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