Bank transactions on mobiles double

Undated Barclays handout photo of a smartphone with the Barclays Pingit App. The number of bank transactions made on mobile phones has doubled in a year, according to new figures. PRESS ASSOCIATION Photo. Issue date: Monday March 31, 2014. More than 5.7 million transactions a day are made using smartphones and other internet-enabled technology, according to a report from the British Bankers' Association (BBA). See PA story CONSUMER Banking. Photo credit should read: Ben Phillips/VisMedia/PA WireNOTE TO EDITORS: This handout photo may only be used in for editorial reporting purposes for the contemporaneous illustration of events, things or the people in the image or facts mentioned in the caption. Reuse of the picture may require further permission from the copyright holder.

%VIRTUAL-SkimlinksPromo%The number of bank transactions made on mobile phones has doubled in a year, according to new figures.

More than 5.7 million transactions a day are made using smartphones and other internet-enabled technology, according to a report from the British Bankers' Association (BBA).
The BBA's Way We Bank Now study also reveals that customers of the five biggest retail banks have downloaded more than 12.4 million bank apps and used their devices to conduct 18.6 million transactions a week last year, up from 9.1 million in 2012.

Mobile banking allows customers to pay bills, make transactions and interact with their bank through their devices.

The study also revealed that more than 28 million debit and credit cards are fitted with contactless technology and 450 million SMS balance alerts were sent to customers in 2013.

Lloyds Banking Group expects to see a 10% monthly growth in payments with contactless cards this year.

Anthony Browne, chief executive of the BBA, said that branches would remain "integral" to services such as providing mortgages, but mobile banking was more convenient for people's day-to-day needs.

"A revolution is under way in how people spend, move and manage their money. This is not just about the phenomenal growth of mobile banking, which has already allowed millions of British customers to
make billions of transactions from the palm of their hand.

"Consumers are also rushing to use contactless cards, text alerts and a range of other easy-to-use technology. This is innovation that connects us more strongly to our banks than ever before and gives us greater freedom to handle our money wherever and whenever we please."

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Bank transactions on mobiles double
I was out shooting one day when my mobile phone rang. The gamekeeper confiscated it, threw it into the air and gave it both barrels of a 12 bore shotgun!
I was doing an aqua aerobics class, but left my phone in my pocket and didn’t discover it had been underwater for about half-an-hour. I decided that I would try and dry it in a sauna. Once dry I turned it on and it gave a couple of feeble flashes before dying completely.
My grandson thought it was not right for my phone to be left out on a cold day on the kitchen table instead of being put away in its cover, so he put it in the microwave to warm it up. He set the microwave on full power for an hour but it blew up long before that, along with my Samsung Galaxy.
I jumped into a swimming pool to escape a wasp, unfortunately with my mobile in my hand.
I was on holiday in Egypt and, after sunbathing for 20 minutes, I decided to go for a swim in the ocean, forgetting I had put my mobile phone in my cleavage for safekeeping. I didn’t notice until I’d been in the sea for 10 minutes, and by that time my phone had stopped working.
I went shopping for a frozen turkey and as I leaned in to try and lug a very large bird from the supermarket freezer my phone fell out of my pocket and into the bottom of the freezer. I could not reach it and had to go and seek help from a sales assistant who was taller than me. When we returned to the freezer, my phone had gone!
I once left my mobile on an armchair. When I returned my mother’s dog had decided that he liked the taste and had eaten nearly all of it.
I couldn't find my phone indoors anywhere. I went into the garden later on to find that my dog had put it in the birdbath.
My little brother took my mobile phone and destroyed it with a hammer.
My nephew put my tablet in the washing up bowl because he said it was dirty.
My four-year-old son purposely dropped my phone into a fish tank because he wanted me to buy a new BlackBerry.
I dunked my phone in my tea because I got distracted and thought it was a biscuit.
I’d had my new phone for just six days, and went to Tottenham play at White Hart Lane. Gareth Bale scored and I jumped up to celebrate whilst grabbing my phone to text my wife, dropped it and smashed the screen.
I left my Nokia phone on the living room table and went off to the kitchen to make a cuppa. When I returned my eight-month-old dog Scooby was looking a bit sheepish. About an hour later I found my mobile in Scooby's water bowl.
I was decorating our living room and had my phone in my breast pocket. As I leant over to dip a brush in a five-litre pot of paint the phone fell out and into the bottom of it.
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