The Financial Supervisory Service reports that in 2008 44 billion U.S. dollars worth of banking transactions were made using mobile phones, while the first nine months of last year $79 billion dollars worth of transactions occurred.
Saturday, February 12, 2011
Mobile Banking Grows 200% in South Korea
In 2010, use of mobile phones for financial transactions and mobile banking in South Korea grew 200 percent. A Bank of Korea survey also shows that by September 2010, some 1.4 million people were registered for smartphone mobile banking.
Gary Kim has been a digital infra analyst and journalist for more than 30 years, covering the business impact of technology, pre- and post-internet. He sees a similar evolution coming with AI. General-purpose technologies do not come along very often, but when they do, they change life, economies and industries.
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