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Mobile Banking Users Exceed The 1.2 Billion Mark Worldwide

Despite the epidemic, the GSM Association reported that there are now over 1.2 billion mobile banking customers worldwide, bringing the total value of digital financial transactions to over $2 billion annually.

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The study found that more than 300 million mobile banking accounts are opened each month and that there are now more than 5.2 million mobile banking agents.

As more people in Pakistan are saving money through mobile banking, this growing trend is anticipated to continue. With total monthly remittances rising by 65%, cross-border remittances have also topped Rs 1 billion.

Many nations have launched and developed extensive national policies to promote financial inclusion, which may help to explain why the number of people using mobile banking is rising so quickly.

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