HAMPSHIRE, U.K.–A new survey has found near universal satisfaction among mobile banking users in the U.K., with 98% of those surveyed stating that they were “very happy” or “quite happy” with their service.
However, the survey, from Juniper Research, also found that with mobile access now perceived as a key pillar of a bank’s offering, 31% of mobile banking users would consider changing banks if they had a bad experience with their service.
In the U.S. it was much less of a concern, where users display similar levels of satisfaction with the service, but only 16% of respondents would consider leaving their current bank – suggesting that the mobile platform is less critical to their banking experience.
According to the survey, while 70% of U.K. respondents now use mobile banking services, a lack of trust in online services remains a key barrier to non-users, together with a preference for alternative engagement channels such as in-branch services. Juniper argued that to increase overall adoption, the trust issue would need to be addressed, particularly among older consumers where there was a greater prevalence of non-users.
The survey also explored U.S. and U.K. consumers’ attitudes towards contactless payments, with key findings including:
- Half of current contactless card users in the U.S. expect to use another method of contactless payment in the future, such as a smartphone or wearable.
- Twenty-three percent of respondents who do not use contactless payments in the U.K. expect to start using smartphone or wearable-based contactless payments in the future, slightly more than expect to use contactless cards.