There have been several mobile banking announcements in the US announced recently, but uptake is still small: “Only 400,000 consumers are using mobile banking out of almost 240 million mobile phone users in the U.S., said Tower Group analyst Bob Egan. “It’s still modest, but there’s a lot of potential growth” reports PC World. Egan said the banks need to cooperate with telcos to spur growth in the industry. There is some demand, or at least willingness to use mobile for these activities, with Fidelity Investments’ Fidelity Anywhere program counting about 1 million wireless users who can access investment accounts from many wireless devices, and can even set triggers for when to buy or sell stock.
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