Mobile Banking: More Than Meets the Eye

The headline to this story is so much cooler than the story itself. The headline had me thinking Transformers. That said, the issue is an interesting one. How long will it take people to regularly bank on their phone? In other parts of the world --interestingly, in many poor countries without bank branches* -- mobile banking is very popular. But these forecasts can be tricky and often overly optimistic. There is a tremendous security barrier to overcome here. Clearly, these estimates are very rough since the guesstimate is between 8 million and 30 million. 30 seems very unlikely in the next four years.

* The Baron wants to thank his brother for that tip.