THE USE of mobile banking has increased in the last year while use of cash is down significantly, according to results of an
The survey was conducted by
It found that nearly 5,000 respondents used mobile banking, and that they tended to be younger, higher earning, and more likely to use social media to keep up to date with financial matters.
Users of mobile banking were reportedly more likely to save regularly each month, but were also found to be more likely to buy items on impulse, with 40 per cent of mobile banking users admitting to regular impulse buys, compared to 28 per cent of others.
An estimated 31 per cent of the
The survey found fewer were using cash, with 46 per cent of
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