About This Statistic
This statistic shows the share of individuals using online banking regularly in Great Britain from 2007 to 2016. Banking and financial services are typically among the first industries to embrace technological advances; starting as far back in time as the appearance of automated teller machines and credit cards. Ever since the first secure Internet systems for financial operations became available on the large scale, accessing of one's bank account online to carry out transactions, pay off credit cards, establish credit lines or invest savings became one of the fastest growing areas of Internet activities. It can be observed that in Great Britain, online banking grew exponentially within nine years under observation: already 30 percent of respondents reported accessing their bank account online within three months prior to the survey in 2007. The growth in this activity area was steady over time, and the share rose to 60 percent of individuals who used online banking regularly as of 2016. Further digital banking advancements joined online banking solution in recent years: the current growth is noted in the areas of mobile banking, mobile banking apps, digital wallet and Fintech solutions directed to individual users.