Article

  Comment(0)

 
Share:    Email  

Commonwealth Bank tapping into growing mobile banking market

Sita W. Dewi

Friday, May 11, 2012 - 06:51

Commonwealth Bank Indonesia, a subsidiary of Commonwealth Bank of Australia, is tapping into growing mobile banking market in the country, benefiting the increasing number of middle-class people in the largest economy in Southeast Asia.

Commonwealth Bank Indonesia, a subsidiary of Commonwealth Bank of Australia, is tapping into growing mobile banking market in the country, benefiting the increasing number of middle-class people in the largest economy in Southeast Asia.

“Up to 80 percent of [the Indonesian] population is less than 40 years old, 35 percent of whom use social media. If you look at the way people interact and travel in Indonesia, mobile is the key part of that,” Commonwealth Bank director of retail and business banking, Ian Phillip Whitehead, said in Singapore on Friday

“Indonesia is the biggest users of BlackBerry [smartphone] outside Canada and the world’s top users of Facebook and Twitter. That segment is very crucial,” he added.

Since the bank launched its mobile banking services in Indonesia in June 2011, out of 150,000 customers, 20,000 customers have downloaded Commonwealth Bank mobile banking applications, which are available in BlackBerry and iPhone platforms.

Read the full story by clicking the link below
http://www.thejakartapost.com/news/2012/05/11/commonwealth-bank-tapping-growing-mobile-ban king-....
 
Tags: Mobile Banking, APAC, Indonesia, Commonwealth Bank, Mobile App

Sponsored Links
 

 

  Article

   Comments(0)

 
Login or register to post comments
[Show comment]

FEATURED EVENTS

Mobile Money Africa 2014Digital Banking Summit
PayExpo 2014 

Stay Connected

 
Sign Up for the Latest in:
 
 
Mobile Money Transfer
Mobile Commerce
Micro Finance
Mobile Technology
EMEA
APAC
Mobile Payments
Mobile Banking
Mobile Marketing
Global
Americas
Company
(*)
 

MOST POPULAR

HEADLINES

1.Square’s deal with Starbucks is costing the payments startup mi
2.Mobile payment startup Square plans sale as losses widen: Report
3.Secure NFC components reinvigorate mobile payments
4.Square acquisition rumours raising questions about mobile payment
5.Mobile commerce doubles as traffic spikes on the smallest screens
6.Walmart Banks on Cash
7.Blue Rocket Announces The Next Wave of Mobile Payment Technology
8.How Africa Beat the West at Reinventing Money for the Mobile Age
9.Mobile wallet marketplace in China adds another key player
10.6 Mobile Marketing Must-Have’s

FEATURED COMPANIES

MOST POPULAR

BLOGS


 
 

Mobile Financial News from around the web

 
 
 

Inside the DonRiver Network