How to Create a Mobile Banking Application? The pandemic turned a spotlight on the need for meeting the customer’s digital banking needs. Several studies have confirmed the dramatic impact the pandemic had on the digital banking infrastructure. A study by Entersekt and PYMNTS.com found a 200% jump in the use of mobile banking since the beginning of the pandemic. Hence, it becomes apparent for banks to invest in banking mobile app development. Before we jump on learning several aspects of mobile banking app development, let’s discuss the latest mobile banking industry trends.
Banking Mobile Apps Trends What’s more important than the jump in the number of mobile banking users is that almost 45% of the banking consumers agreed that mobile banking are among the top-three factors of why they would choose a banking institution. The report by Insider Intelligence stated that this number is an increase from 38% in 2019.