Today In Data

Digital Banking, Millennially Mobile

Digital Banking, Millennially Mobile

Banking has gone beyond the branch, and financial services are increasingly rendered in bits and bytes. As found by the Digital Banking Tracker, the younger generation is apt to use apps, especially when it comes to navigating accounts.

Data:

31 percent: Share of consumers who use mobile banking apps more often than other apps.

16 percent: Estimated CAGR of the global digital banking market through 2024.

72 percent: Share of bridge millennials who think mobile apps are important for accessing bank accounts.

$1.2 trillion: Size of the installment market as measured in 2017.

41 percent: Share of Canadian cardholders who say they would use installment plans for $500 or more.

TRENDING RIGHT NOW