JACKSONVILLE, Fla.—April saw a 200% jump in new mobile banking registrations, while mobile banking traffic rose 85%, according to Fidelity National Information Services.
The sharp uptick is due to the coronavirus lockdown, which resulted in many bank branches being closed, along with Americans checking their accounts repeatedly for their stimulus payout, reported CNBC in its analysis.
“Another survey showed only 40% of respondents said they expect to return to branches post-COVID, indicating the shift to online is likely to stick,” CNBC said.