Half Of Cell Phone Owners To Use Mobile Banking Next Year

Mobile Banking On The Rise
A customer browses a Nokia Oyj Lumia smartphone in a store operated by Carphone Warehouse Group Plc at the Westfield Stratford City Mall in London, U.K., on Monday, Jan. 23, 2012. Nokia Oyj's first phones running Microsoft Corp. software may have sold enough units last year to help rebuild investor confidence in the Finnish company, which lost $19 billion in market value in 2011. Photographer: Jason Alden/Bloomberg via Getty Images
A customer browses a Nokia Oyj Lumia smartphone in a store operated by Carphone Warehouse Group Plc at the Westfield Stratford City Mall in London, U.K., on Monday, Jan. 23, 2012. Nokia Oyj's first phones running Microsoft Corp. software may have sold enough units last year to help rebuild investor confidence in the Finnish company, which lost $19 billion in market value in 2011. Photographer: Jason Alden/Bloomberg via Getty Images

One in five people who have a cell phone have used it recently to do their banking.

By next year, nearly half of cell phone owners are expected to use them to check their bank account balances, pay bills or deposit checks.

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