Indians don't mind switching to m-banking | india | Hindustan Times
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Indians don't mind switching to m-banking

india Updated: Aug 23, 2007 02:05 IST

Known to have an affinity towards freebies and latest technologies, every third Indian is willing to switch on to mobile banking provided it does not pinch their pockets.

A survey of mobile users in India, China, Australia, Taiwan and Singapore in the Asia-pacific region about the 'mobile opportunities for the financal sector' reveals that Indians made up for the highest proportion of respondents who have used mobile banking services in the last three months.

Indians are willing to use mobile to know their exact bank balance (92 per cent), to report fraudulent transactions (67 per cent) and to freeze cards (67 per cent), the survey commissioned by mobile messaging and application provider Sybase 365 revealed.

As regards payments via mobile, Indians are the least interested. While Australians (65 per cent), Chinese (65 per cent), Taiwanese (64 per cent) and Singaporean (61 per cent) are willing to make payment through mobile phones, the percentage in India is 47.

Indians are not interested to get promotional messages on their phones, but are open to receive information on interest rate and exchange rate. Interestingly, 60 per cent of the respondents from Taiwan would love to get marketing messages.

Seventy one per cent Indians are aware of whether their banks provide mobile banking or not, 17 per cent actually does not know and the rest seven per cent said that their banks do not.