More than 450 Million Text Messages Sent by UK Banks in 2013
A study by the British Bankers Association revealed that mobile banking in the UK finally caught on. Mobile users doubled their transactions using apps and banking websites. But they also took advantage of bank’s text messaging services.
For example, HSBC said 64% of the text messages they sent to customers were low balance warnings. But balance updates are just one of the many ways banks are using text messages. With your consent, your bank can send you a message for:
- Your balance has fallen beneath a specific amount,
- Your balance has reached a specific amount,
- A deposit has been made in your account
- A withdraw occurred from your account
This huge number of text messages is part of a 105% increase in mobile banking transactions in 2013 according to the British Bankers Association. Another study by PricewaterhouseCoopers found that 67% of mobile users from the UK, US, and China used their devices at least weekly to pay bills or other banking tasks.
With the recent launch of the Paym system mobile banking is likely to see to even greater increases. If you haven’t heard HSBC, the Bank of Scotland, Barclays, Lloyds Bank, Halifax, Santander, and TSB are offering their customers the ability to pay bills simply using a text message. To find out how to register and use the Paym system read the website or contact your bank.
Have you texted anyone a payment yet? If not, what’s the main reason you haven’t? Leave a comment if you have any experiences of mobile banking that you would like to share.
Related Articles
Fastsms Has A New Home In Worcestershire
Take a few minutes to watch a video of our Technical Director and Operations Director showing off our new office space in Worcestershire. Then get to know our team as they discuss what they like best about the office.
NetMessenger API Examples
Why SMS should form part of local governments’ emergency communication strategy
How A/B Testing Works in SMS Messaging
A/B testing in SMS messaging is something that sounds vague and possibly complicated. But with a little knowledge it’s something you can do for your organisation. We make it simple to understand and share some tools to make it easy to do.
Do You Want More Characters in Your SMS Messages?
Ever wondered why SMS text messages are limited to 160 characters? You might think it was an arbitrary choice but that wasn't the case. 160 characters was chosen based on scientific research (sort of). Read the history behind it and learn how you can send texts of up to 456 characters now.
B2B Needs to Get Mobile and Digital
Businesses that sell to other businesses (B2B) are having trouble keeping up in the digital and mobile age. That’s according to a couple of eMarketer articles. The reasons for it are varied, but it may be mostly because they’ve been slow to acknowledge a change in culture.
The New York Times, Olympics, And SMS Messaging
The New York Times used the Olympics as an excuse to try a massive SMS experiment. They wanted reporter Sam Manchester to get personal with their thousands of readers using two-way SMS messaging. Read the blog to see if the experiment was a success or a failure.