The figures from the first months of the year are another indicator of the trend in mobile banking, which is increasingly being offered by banks and is becoming increasingly popular. It has long been common practice to make transfers by mobile phone. Current statistics prove that loans can now also be requested and granted via smartphone. According to this, 42 percent of all customers had credit offers made in the first quarter of 2016 via smartphone or tablet. Two years earlier, it was just 22 percent. “The trend towards mobile borrowing will continue in the coming years,” explains good credit bank managing director Alexander Artopé: “By the end of the year, we expect a smartphone and tablet share of over 50 percent.”
All credit inquiries were made
The increasingly sophisticated tablets and smartphones, which approach all of its functions in a computer, make it possible: Android users who use the Internet giant website’s operating system are ahead of the game: 66 percent of all credit inquiries were made via Android, by comparison only 31 percent over IOS. The situation is different with tablets: with 50 percent credit inquiries, Apple is just ahead of website’s competitor with 48 percent. Windows, however, is far behind with 2 percent.
Young adults in particular expect innovations
These results surprisingly contradict a survey that the credit comparison portal good credit bank carried out in 2016 by the survey institute. Here 1,000 installment borrowers were asked about financial issues. Only 20 percent named their smartphone as a means of online banking. However, 3 percent had already signed a loan agreement via smartphone, while 11 percent could at least imagine that. On the one hand it is the age group from 18 to 29 and on the other hand it is wealthier people who are enthusiastic about more innovative forms of financial planning. Of the 18 to 29 year olds, 23 percent could imagine agreeing a contract on the go. It was 18 percent of those with a net income of over 3,500 USD. In comparison, both groups are much more interested in innovations, are more open to new banking solutions and even expect them from the market. “It can be assumed that the trend towards mobile loan requests will continue. website’s data shows that around half of all users are already searching for terms such as credit & credit comparison, ”.
Convenient banking, anytime, anywhere
What appeals to young adults about mobile loan search? Experts see a key argument in the speed and flexibility. Mobile banking adapts to modern user strategies in everyday life, for example through the video identification process, which is also possible with a tablet and smartphone. This can be particularly interesting for instant and small loans, namely if the electronics business beckons with attractive prices. In addition, it may even save young adults from the debt spiral – that is, in the event of overdrafts that normally involve expensive overdrafts. With a low-interest, prompt debt rescheduling, the loan can balance the account again. Finally, it clearly shows consumers that the Medium Centrum Bank’s zero interest rate will also go down well with them – and that they may be investing in projects for the future.